EUR/USD: It is expected to be cited in a lateral range between 1,0780 and 1,0840 – UOB Group

The euro (EUR) is expected to be negotiated in a lateral range between 1,0780 and 1,0840 against the US dollar (USD). In the long term, current price movements are probably part of a phase of trade in rank; The EUR is expected to be negotiated in a range of 1,0730/1.0845 for now, the FX analysts of UOB Group, quek be Leang and Peter Chia.

Current price movements are probably part of a phase of trade in rank

24-hour vision: “The EUR was negotiated between 1,0783 and 1,0849 yesterday, closing little changed in 1,0817 (-0.09%). Price movements did not result in any increase in the bearish momentum or the bullish.

Vision 1-3 weeks: “In our last update last Friday (March 28), when the EUR was in 1,0800, we indicated that ‘if the Eur breaks above 1,0825, it would mean that it is likely to be negotiated in a range instead of decline.’ Subsequently, the EUR rose above 1,0825.

Source: Fx Street

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