The euro (EUR) is likely to be negotiated in a range of 1,0765/1.0820. In the long term, EUR could go back; It does not seem to have enough impulse to break clearly below 1,0725, the FX analysts point out UOB GroupTo be Leang and Peter Chia.
EUR is likely to be negotiated in a range of 1,0765/1,0820
24 -hour perspective: “Yesterday, the EUR was negotiated within a range of 1,0774/1,0830, largely closing unchanged (-08%) in 1,0791. Although the price action is probably part of a consolidation phase, the soft underlying tone suggests that the EUR is likely to be negotiated in a lower range of 1,0765/1,0820 today.
1 to 3 weeks view: “While the current recoil since the maximum of last week of 1,0954 has not stabilized, the downward impulse is not strong. However, While the EUR remains below 1,0860, the EUR could go back to 1,0725. Currently, it does not seem to have enough impulse to break clearly below this support level. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
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