0
110
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and USD/CHF.
EUR/USD: The pair feels bid but should trade in range today. Look to enter short around 1.1400, with a stop at 1.1505.
USD/JPY: has been trading in a tight range and 119.60/70 has been well supported. We prefer playing the range, with a stop below 119.50, unless risk sentiment worsens.
USD/CHF: continues to consolidate in its recent range. We prefer selling rallies into 0.9650/0.9680. The 100-day moving average of 0.9565 and the 200-day moving average of 0.9530 are major supports, which we think will eventually be tested.