FX Strategists at UOB Group remain neutral on the pair while there is room for a test of 110.25 in the next weeks. Key Quotes 24-hour view: “Expectation for USD to test the strong 111.80 resistance did not pan out as it traded sideways in a relatively muted manner. The consolidation phase appears incomplete and further range trading is expected from here, likely within a range of 110.90/111.50″. Next 1-3 weeks: “We just shifted from a bullish to neutral stance yesterday and there is no change to the view. As highlighted, while the outlook for USD is deemed as neutral, the immediate pressure has shifted to the downside and a test of month-to-date low near 110.25 would not be surprising. Only a clear break back above 111.80 would indicate that the current 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 BOE’s Woods downplays financial job moves ahead of Brexit – Reuters FX Street 5 years FX Strategists at UOB Group remain neutral on the pair while there is room for a test of 110.25 in the next weeks. Key Quotes 24-hour view: "Expectation for USD to test the strong 111.80 resistance did not pan out as it traded sideways in a relatively muted manner. The consolidation phase appears incomplete and further range trading is expected from here, likely within a range of 110.90/111.50". Next 1-3 weeks: "We just shifted from a bullish to neutral stance yesterday and there is no change to the view. As highlighted, while the outlook for USD is deemed as neutral,… 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.
