In view of FX Strategists at UOB Group, the pair keeps the neutral bias unchanged in the near term horizon. Key Quotes 24-hour view: “The anticipated extension higher in EUR fell short of expectation as it eased off quickly after touching a high of 1.1750 (the strong 1.1760 resistance was unchallenged). Upward pressure has eased and the current movement is deemed as part of a consolidation phase. In other words, EUR is expected to trade sideways from here, likely within a 1.1655/1.1725 range”. Next 1-3 weeks: “There is not much to add as EUR eased off without testing the strong 1.1760 resistance yesterday (high of 1.1750). As highlighted yesterday, while the outlook for EUR remains as neutral, improving momentum indicators that it has moved into a higher 1.1640/1.1850 range (from 1.1590/1.1760 previously). Looking further out, even if EUR were to move back below the bottom of the expected range at 1.1640, it will not change the current neutral outlook but indicate further consolidation within a relatively broad range”. 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 Japan: What the BOJ can do? – Nomura FX Street 5 years In view of FX Strategists at UOB Group, the pair keeps the neutral bias unchanged in the near term horizon. Key Quotes 24-hour view: "The anticipated extension higher in EUR fell short of expectation as it eased off quickly after touching a high of 1.1750 (the strong 1.1760 resistance was unchallenged). Upward pressure has eased and the current movement is deemed as part of a consolidation phase. In other words, EUR is expected to trade sideways from here, likely within a 1.1655/1.1725 range". Next 1-3 weeks: "There is not much to add as EUR eased off without testing the strong… 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.
