According to FX Strategists at UOB Group, the pair is expected to keep the rangebound theme between 109.10 and 110.65 for the time being. Key Quotes 24-hour view: “USD just moved below last week’s 109.53 low at the time of writing. The weakness appears to be running ahead of itself and the major 109.10 support is likely out of reach for now. Resistance is at 109.75 followed 110.20″. Next 1-3 weeks: “USD edged above the top of our expected 109.10/110.65 consolidation range but slumped after touching a high of 110.75. The price action reinforces our current neutral view and we continue to expect USD to trade sideways, still likely within a 109.10/110.65 range”. 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: New home sales to post 0.5% increase in May – Nomura FX Street 4 years According to FX Strategists at UOB Group, the pair is expected to keep the rangebound theme between 109.10 and 110.65 for the time being. Key Quotes 24-hour view: "USD just moved below last week's 109.53 low at the time of writing. The weakness appears to be running ahead of itself and the major 109.10 support is likely out of reach for now. Resistance is at 109.75 followed 110.20". Next 1-3 weeks: "USD edged above the top of our expected 109.10/110.65 consolidation range but slumped after touching a high of 110.75. The price action reinforces our current neutral view and we… 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.
