FX Strategists at UOB Group noted the short-term outlook on EUR/USD still remains positive. Key Quotes 24-hour view: “Our view for EUR yesterday was it “could retest 1.1090 but any advance is viewed as part of a higher 1.1050/1.1090 range”. However, EUR traded quietly and within a narrow range of 1.1061/1.1083. The underlying tone still appears to be positive and for today, EUR could edge higher but the strong 1.1115 level is not likely to come into the picture (minor resistance is at 1.1100). Support is at 1.1060 followed by 1.1040″. Next 1-3 weeks: “EUR traded in a tight 22 pips range yesterday (between 1.1061 and 1.1083), the second smallest 1-day range so far this year. The quiet price action offers no fresh clues and we continue to hold on to the same view from Monday (18 Nov, spot at 1.1055). The current price action is still viewed as part of a 1.1010/1.1115 sideway-trading range even though the near-term bias is on the upside. Looking forward, if EUR were to crack 1.1115, the focus would shift to 1.1150. All in, the current mild upward pressure is expected to remain intact unless EUR drops back below 1.1040 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 US has turned Hong Kong into the focus of China-US competition – Global Times FX Street 3 years FX Strategists at UOB Group noted the short-term outlook on EUR/USD still remains positive. Key Quotes 24-hour view: "Our view for EUR yesterday was it "could retest 1.1090 but any advance is viewed as part of a higher 1.1050/1.1090 range". However, EUR traded quietly and within a narrow range of 1.1061/1.1083. The underlying tone still appears to be positive and for today, EUR could edge higher but the strong 1.1115 level is not likely to come into the picture (minor resistance is at 1.1100). Support is at 1.1060 followed by 1.1040". Next 1-3 weeks: "EUR traded in a tight 22… 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.
