EUR/USD focus shifts to 1.2295 - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group point out that after the EUR/USD reached the 1.2420 target level, focus has shifted to 1.2295.

Key Quotes

"Strong short-term impulsive down-move suggests that any rebound should hold below 1.2470."

"But only a move above 1.2560 would indicate a mid-term reversal."