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FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.
In particular, the EUR/USD maintains a neutral outlook – initial support is at 1.3033, a break below this would expose 1.2995 and then 1.2936. Resistance is at 1.3159 ahead of 1.3243. In terms of the EUR/CHF, Resistance is at 1.2349, a break above would be a bullish development, opening the way to 1.2398. Meanwhile, support is at 1.2255, suggesting a bullish intraday view.
Moving to the EUR/GBP, support is at 0.8389; a break here would extend the weakness to 0.8287 – resistance is at 0.8498. The EUR/JPY is bullish in the near-term; resistance is at 131.12, a break above which would open 132.05 and then 134.38, while support is at 127.06.