UOB Group’s FX Strategists now se EUR/USD targeting the 1.2115 level in the near-term. Key Quotes 24-hour view: “We expected EUR to ‘advance further to 1.2065’ yesterday but we were of the view that the ‘the next resistance at 1.2115 is unlikely to come into the picture’. EUR subsequently rose to 1.2079 before dropping quickly to end the day unchanged at 1.2033. Upward momentum has waned considerably and the current movement is viewed as part of a consolidation phase. In other words, EUR is likely to trade sideways for today, expected to be between 1.2010 and 1.2065.” Next 1-3 weeks: “We continue to hold the same view from yesterday (20 Apr, spot at 1.2035). As highlighted, the positive phase in EUR that started 2 weeks ago received a boost in momentum and the next level to focus on is at 1.2115. EUR subsequently rose to 1.2079 before easing off. The positive phase in EUR is deemed intact as long as it does not move below 1.1965 (no change in ‘strong support’ level). Meanwhile, shorter-term conditions are overbought and this could lead to a couple of days of consolidation first.” 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 Price Analysis: XAU/USD on its way to $1800 amid lower yields – Confluence Detector FX Street 2 years UOB Group's FX Strategists now se EUR/USD targeting the 1.2115 level in the near-term. Key Quotes 24-hour view: "We expected EUR to 'advance further to 1.2065' yesterday but we were of the view that the 'the next resistance at 1.2115 is unlikely to come into the picture'. EUR subsequently rose to 1.2079 before dropping quickly to end the day unchanged at 1.2033. Upward momentum has waned considerably and the current movement is viewed as part of a consolidation phase. In other words, EUR is likely to trade sideways for today, expected to be between 1.2010 and 1.2065." Next 1-3 weeks:… 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.
