FX Strategists at UOB Group see EUR/USD advancing to the 1.1420 region on a close of 1.1380. Key Quotes 24-hour view: “Our expectation for EUR to ‘test the strong resistance at 1.1380’ was incorrect as it slumped after touching 1.1332. Upward momentum has eased and EUR has likely moved into a consolidation phase. For today, EUR is likely to trade sideways between 1.1240 and 1.1320.” Next 1-3 weeks: “EUR closed on a relatively strong note yesterday (1.1308, +0.53%) and upward momentum is beginning to pick up. However, it appears to be too early to expect a sustained advance. EUR has to close above the top of our expected sideway-trading range of 1.1170/1.1380 in order to indicate that it is ready to move to last month’s peak at 1.1422. At this stage, the prospect for such a move is not high but it would continue to increase as long as EUR does not move below 1.1240 within these few days.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Prediction: BTC/USD clasps to consolidation above $9,200 – Confluence Detector FX Street 3 years FX Strategists at UOB Group see EUR/USD advancing to the 1.1420 region on a close of 1.1380. Key Quotes 24-hour view: “Our expectation for EUR to ‘test the strong resistance at 1.1380’ was incorrect as it slumped after touching 1.1332. Upward momentum has eased and EUR has likely moved into a consolidation phase. For today, EUR is likely to trade sideways between 1.1240 and 1.1320.” Next 1-3 weeks: “EUR closed on a relatively strong note yesterday (1.1308, +0.53%) and upward momentum is beginning to pick up. However, it appears to be too early to expect a sustained advance. EUR has… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
