FX Strategists at UOB Group still see EUR/USD side-lined between 1.1170 and 1.1380 for the next weeks. Key Quotes 24-hour view: “Our expectation for EUR to ‘drift lower towards 1.1210’ last Friday did not quite materialize as it recovered after touching 1.1217. The underlying tone has improved somewhat and this could lead to EUR edging higher. That said, any advance is viewed as part of a higher trading range of 1.1225/1.1275. In other words, a sustained rise above 1.1275 is not expected.” Next 1-3 weeks: “Looking back, we called for a short-term top on 12 Jun when EUR was trading at 1.1280 and expected EUR to trade between 1.1170 and 1.1380. When EUR moved towards 1.1170, we highlighted that EUR ‘has to close below 1.1170 before a more sustained weakness can be expected’. The rapid manner by which EUR rebounded from 1.1183 yesterday (01 Jul) suggests that EUR is not ready to move below 1.1170. To look at it another way, EUR could continue to trade between 1.1170 and 1.1380 for a while more.” 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 BCH/USD Price Analysis: Bounces off 10-day SMA to regain 223.00 FX Street 3 years FX Strategists at UOB Group still see EUR/USD side-lined between 1.1170 and 1.1380 for the next weeks. Key Quotes 24-hour view: “Our expectation for EUR to ‘drift lower towards 1.1210’ last Friday did not quite materialize as it recovered after touching 1.1217. The underlying tone has improved somewhat and this could lead to EUR edging higher. That said, any advance is viewed as part of a higher trading range of 1.1225/1.1275. In other words, a sustained rise above 1.1275 is not expected.” Next 1-3 weeks: “Looking back, we called for a short-term top on 12 Jun when EUR was trading… 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.
