UBS has renewed a long position on the euro‑dollar pair, recommending entry around 1.1475. The Swiss bank sets a target of 1.17 and a stop‑loss at 1.30, citing recent central‑bank dynamics and the pair’s current price level.
The recommendation follows an earlier trade launched in mid‑July. At that time UBS aimed for 1.17 with a stop‑loss near 1.13. After the pair reached the initial target, the bank extended the target to 1.20 and moved the stop‑loss to 1.15 rather than taking profit. The position was closed this week when the revised stop‑loss was hit.
UBS did not disclose the exact date the stop‑loss was triggered. The latest guidance reflects the bank’s view that the euro‑dollar may still appreciate from current levels.
