FX Strategists at UOB Group remain neutral on the pair and do not rule out a test of 1.1505 in the next weeks. Key Quotes 24-hour view: “EUR dropped sharply to touch a low of 1.1528 yesterday but rebounded quickly. Downward momentum is patchy at best and while a dip to 1.1550 is not ruled out, a break of the 1.1525/30 support seems unlikely. That said, any recovery is likely limited to a test of the strong 1.1645 resistance (next resistance is at 1.1685)”. Next 1-3 weeks: “Despite the sharp decline that started last week, we are not convinced that EUR has reentered a bearish phase. However, a dip below the year-to-date low of 1.1505 is not ruled out but at this stage, we do not expect any weakness to be sustained (1.1450 is the next strong support). All in, EUR is likely to stay under pressure for the next several days and only a break back above 1.1710 would indicate that the current weakness has stabilized”. 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 Gold hangs near YTD lows, remains vulnerable FX Street 5 years FX Strategists at UOB Group remain neutral on the pair and do not rule out a test of 1.1505 in the next weeks. Key Quotes 24-hour view: "EUR dropped sharply to touch a low of 1.1528 yesterday but rebounded quickly. Downward momentum is patchy at best and while a dip to 1.1550 is not ruled out, a break of the 1.1525/30 support seems unlikely. That said, any recovery is likely limited to a test of the strong 1.1645 resistance (next resistance is at 1.1685)". Next 1-3 weeks: "Despite the sharp decline that started last week, we are not convinced that… 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.
