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Forex pairs in this Article » EUR/USD, EUR/GBP (New York) - 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.

“With the EUR/USD MACD below its zero line, potential is for further downside. Immediate support is at 1.2985 ahead of 1.2797. Meanwhile, resistance is at 1.3150, suggesting a bearish outlook.” the analysts note. In terms of the EUR/CHF, any upside should be limited with a strong resistance at 1.2384 – support is at 1.2298 ahead of 1.2196.

Moving to the EUR/GBP, the cross is held by the Resistance at 0.8607; a closing break above this would be positive opening 0.8656, while support is at 0.8542 ahead of 0.8469. Finally, concerning the EUR/JPY, resistance at 130.43 holds the upside move. A break above this would open 133.80. Support is at 128.23 ahead of 124.72.
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