The pair remains neutral and has moved into a broad consolidative range, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “USD reversed an initial sharp decline and rebounded sharply after touching a low of 109.53. While the recovery from the low lacks momentum, there is scope for extension to 110.40. For now, a break above the next resistance at 110.65 seems highly unlikely. Support is at 109.85 followed by the low near 109.55″. Next 1-3 weeks: “In a last update on 14 Jun (spot at 110.25), we held the view that USD has room to move higher and ‘test’ the 111.00 resistance. USD subsequently touched a high of 110.90 but has since eased off. From here, there is no change to the neutral outlook and USD has likely moved into a broad consolidation phase and is expected to trade sideways to lower, likely between 109.10 and 110.65″. 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 EOS price analysis: EOS/USD range bound, the Moving Averages limit gains marginally above $10.40 FX Street 3 years The pair remains neutral and has moved into a broad consolidative range, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: "USD reversed an initial sharp decline and rebounded sharply after touching a low of 109.53. While the recovery from the low lacks momentum, there is scope for extension to 110.40. For now, a break above the next resistance at 110.65 seems highly unlikely. Support is at 109.85 followed by the low near 109.55". Next 1-3 weeks: "In a last update on 14 Jun (spot at 110.25), we held the view that USD has room to move higher and… Top 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.
