FX Strategists at UOB Group noted EUR/USD is expected to maintain the current consolidative mood for the time being. Key Quotes 24-hour view: “After rising rapidly last Thursday, EUR traded in quiet manner and within a narrow range (between 1.0917 and 1.0951) on Friday. The consolidation has resulted in a rapid loss in momentum and the risk for a sustained advance in EUR for today is low. EUR is more likely to drift lower but any weakness is viewed as part of 1.0880/1.0950 range (a clear break of 1.0880 is not likely for today).” Next 1-3 week: “There is not much to add to the update from last Wednesday (08 Apr, spot at 1.0890). As highlighted, EUR has moved into a consolidation phase and is expected to trade between 1.0750 and 1.1000 for a period. After the rapid but short-lived swings over the several weeks, the overall outlook is mixed for now.” 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 prices stay above $1,680 as risk-tone dwindles amid quiet markets FX Street 2 years FX Strategists at UOB Group noted EUR/USD is expected to maintain the current consolidative mood for the time being. Key Quotes 24-hour view: “After rising rapidly last Thursday, EUR traded in quiet manner and within a narrow range (between 1.0917 and 1.0951) on Friday. The consolidation has resulted in a rapid loss in momentum and the risk for a sustained advance in EUR for today is low. EUR is more likely to drift lower but any weakness is viewed as part of 1.0880/1.0950 range (a clear break of 1.0880 is not likely for today).” Next 1-3 week: “There is not… 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.
