In view of FX Strategists at UOB Group, the pair’s outlook remains on the neutral side in the near term. Key Quotes 24-hour view: “USD rebounded strongly and rapidly from an overnight low of 109.36 and hit a high of 110.02 (before pulling back sharply to current level of 109.65). The choppy price action has resulted in a mixed outlook and further volatile trading within a broad range seems likely. Expected range for today; 109.30/110.10″. Next 1-3 weeks: “USD traded in a choppy manner yesterday as it dropped to a low of 109.35 before rebounding quickly. The price action offers no further clue and we continue to hold a neutral view and expect USD to trade sideways within a 109.10/110.65 consolidation range for now. Looking ahead, the downside appears to be more vulnerable and a clear break of 109.10 would suggest that USD is ready to test last month’s low near 108.10″. 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 Pres. Trump: Finishing our study of tariffs on cars from the E.U. FX Street 5 years In view of FX Strategists at UOB Group, the pair's outlook remains on the neutral side in the near term. Key Quotes 24-hour view: "USD rebounded strongly and rapidly from an overnight low of 109.36 and hit a high of 110.02 (before pulling back sharply to current level of 109.65). The choppy price action has resulted in a mixed outlook and further volatile trading within a broad range seems likely. Expected range for today; 109.30/110.10". Next 1-3 weeks: "USD traded in a choppy manner yesterday as it dropped to a low of 109.35 before rebounding quickly. The price action offers… 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.
