EUR/USD: Dwindling bets for a sustained move above 1.1120 – UOB – by pabspiovano EURUSD Currencies Majors Banks
appears not favoured for the time being according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “We did not anticipate EUR to strengthen yesterday as it popped to a fresh 2-year high of 1.1095 before easing off to close at 1.1040 . The rapid rise appears to be overdone and EUR is unlikely to advance much further. Today, EUR is more likely to trade in a range, likely between 1.1000 and 1.1100.
Next 1-3 weeks: “Yesterday , we highlighted that ‘instead of advancing, EUR is more likely to trade in a range for now, expected to be between 1.0900 and 1.1050’. However, EUR lifted off and soared above 1.1050 before closing on a firm note at 1.1040 . Despite the relatively strong advance, upward momentum has not improved much. That said, EUR could ratchet higher upwards 1.1120. At this stage, the odds for a sustained rise above this level are not high.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
EUR/USD looks side-lined for the time being – UOBEconomist at UOB Group Lee Sue Ann and Markets Strategist Quek Ser Leang now see EUR/USD trading between 1.0900 and 1.1050 in the next few weeks. Key
Consulte Mais informação »
USD/JPY: Dwindling bets for further upside – UOBA move to the 135.75 in USD/JPY appears to be losing some traction, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. K
Consulte Mais informação »
EUR/USD Forex Signal: Extremely Bullish Above 1.1065The EUR/USD exchange rate continued rallying as the US dollar sell-off slide resumed.
Consulte Mais informação »
EUR/USD Price Analysis: Drops toward 1.1000 amid overbought RSIEUR/USD is on the cusp of printing the first intraday loss in four as it takes offers to reverse intraday gains around a one-week high, falling to 1.1
Consulte Mais informação »
EUR/USD trims gains and returns to 1.1020, as dollar recoversFresh selling pressure now drags EUR/USD to the low-1.1000s on the back of some tepid recovery in the dollar on Tuesday. EUR/USD continues to target t
Consulte Mais informação »
EUR/USD Forecast: Continues to Pressure the UpsideThe $EURUSD has been trading in a tight range against the US dollar (USD) in recent sessions, with the psychologically important 1.10 level acting as a key resistance level.
Consulte Mais informação »