FX Strategists at UOB Group still see extra downside in the pipeline for EUR/USD. Key Quotes 24-hour view: “We expected EUR to “grind lower” yesterday but instead it went into a sort of stasis as it traded within a tight 20 pips range (between 1.1005 and 1.1025). The 20 pips range appears to be smallest 1-day range this year. The price action offers no fresh clues and EUR could continue to trade sideways. Expected range for today, 1.1005/1.1040″. Next 1-3 weeks: “In our update from early last Friday (22 Nov, spot at 1.1065), we highlighted “upward pressure has eased” and “EUR is likely to continue to trade sideways between 1.1010 and 1.1115 for a while more”. However, EUR subsequently dropped sharply on Friday before extending its decline yesterday (25 Nov) and dipped below the bottom of the expected range (low of 1.1002). Downward momentum has picked up, albeit not by much. From here, EUR could trade with a downward bias towards 1.0965 even though the month-to-date low is expected to provide decent support for the next few days. Resistance is at 1.1035 but only a move above 1.1065 would indicate 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 US: Q3 GDP in focus today – Rabobank FX Street 3 years FX Strategists at UOB Group still see extra downside in the pipeline for EUR/USD. Key Quotes 24-hour view: "We expected EUR to "grind lower" yesterday but instead it went into a sort of stasis as it traded within a tight 20 pips range (between 1.1005 and 1.1025). The 20 pips range appears to be smallest 1-day range this year. The price action offers no fresh clues and EUR could continue to trade sideways. Expected range for today, 1.1005/1.1040". Next 1-3 weeks: "In our update from early last Friday (22 Nov, spot at 1.1065), we highlighted "upward pressure has eased" and… 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.
