There has been a slight increase in downward impulse; The euro (EUR) could lower and potentially test the level of 1,1440. The EUR is likely to be negotiated in a range for now, probably between 1,1400 and 1,1570, the FX analysts of UOB Group, quek being Leang and Peter Chia.
EUR is likely to be negotiated in a range for now
24 -hour vision: “The EUR was negotiated in a calm way yesterday to the NY session, when it fluctuated between 1,1460 and 1,1530 before closing without changes in 1,1479. The price action has resulted in a slight increase in the downward impulse. Today, we hope that the EUR threatened.
Vision at 1-3 weeks: “We became positive about the EUR last week. In our last narrative on Monday (June 16, for 1,1540), we highlight that ‘the bullish impulse has slowed a little, and a break of 1,1480 would suggest that the EUR could be negotiated in a range instead of continuing to rise.’ The EUR then broke below 1,1480 on Tuesday.
Source: Fx Street
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