FX Strategists at UOB Group noted the pair’s outlook remains neutral in the short-term horizon, while they expect it to test the upper end of the 1.1330/1.1490 range. Key Quotes 24-hour view: “We highlighted last Friday “there is scope for EUR to test 1.1450 first before the rally should ease off”. EUR subsequently touched a high of 1.1456 before pulling back quickly. The recent upward pressure has clearly eased and the current price action is deemed as part of a consolidation phase. In other words, EUR is expected to trade sideways for today, albeit with a downward bias. Expected range for today; 1.1360/1.1425″. Next 1-3 weeks: “There is not much to add to last Friday’s (02 Nov, spot at 1.1400) update wherein last Tuesday’s (31 Oct) low of 1.1299 is deemed as a short-term bottom and this level is expected to hold for the next couple of weeks. The current movement is viewed as the early stages of a sideway-trading phase even though the immediate bias is for EUR to probe the top of the expected 1.1330/1.1490 consolidation range. Looking ahead, a clear break back below 1.1330 would greatly increase the prospect for a sustained decline below the major 1.1300 support”. 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 Ripple’s XRP shines with 22 trading pairs support on Canada’s CoinField Exchange FX Street 4 years FX Strategists at UOB Group noted the pair's outlook remains neutral in the short-term horizon, while they expect it to test the upper end of the 1.1330/1.1490 range. Key Quotes 24-hour view: "We highlighted last Friday "there is scope for EUR to test 1.1450 first before the rally should ease off". EUR subsequently touched a high of 1.1456 before pulling back quickly. The recent upward pressure has clearly eased and the current price action is deemed as part of a consolidation phase. In other words, EUR is expected to trade sideways for today, albeit with a downward bias. Expected range… 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.