FX Street - Bank Recommendations 16-02-09
UBS EURO/DOLLAR: “Sharp recovery eases the pressure on $1.2706 but the pair remains vulnerable below $1.3094.” DOLLAR/YEN: “The upward move neutralises the bearish tone with focus on 92.42/92 yen resistance range following the break of 91.67 yen. Near-term support at 89.71 yen.” EURO/YEN: “Vulnerable below 120.01 yen with downside trigger at 114.91 yen ahead of 113.15 yen.” EURO/STERLING: “Sharp pullback moves below support at 88.60 pence, now targets 86.39 pence. Remains vulnerable below
