FX Strategists at UOB Group stays neutral on the pair while noted that strong support emerges in the 1.1570 region. Key Quotes 24-hour view: “Instead of ‘extending lower’ to 1.1600 (as expected last Friday), EUR rebounded quickly after touching a low of 1.1619. The recovery lacks momentum and is viewed as part of a consolidation phase. From here, EUR is expected to trade sideways, likely within a 1.1630/1.1690 range”. Next 1-3 weeks: “ EUR traded within a tight 45 pips range last Friday (narrowest 1-day range since mid-April) and the quiet consolidation offers no further clues. We continue to hold a slightly negative view in EUR but as highlighted in recent updates, any weakness is expected to encounter solid support at 1.1570. While a dip below 1.1570 is not ruled out, we apportion low odds for break below the next support at 1.1505. Meanwhile, only a break back above 1.1720 would indicate that the current mild downward pressure has eased”. 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 Tron Virtual Machine D-day is here; Tron Secret Project to steal the limelight FX Street 5 years FX Strategists at UOB Group stays neutral on the pair while noted that strong support emerges in the 1.1570 region. Key Quotes 24-hour view: "Instead of 'extending lower' to 1.1600 (as expected last Friday), EUR rebounded quickly after touching a low of 1.1619. The recovery lacks momentum and is viewed as part of a consolidation phase. From here, EUR is expected to trade sideways, likely within a 1.1630/1.1690 range". Next 1-3 weeks: " EUR traded within a tight 45 pips range last Friday (narrowest 1-day range since mid-April) and the quiet consolidation offers no further clues. We continue to hold… 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.
