Impulse indicators are maintained plans; The euro (EUR) is expected to be negotiated in a range against the US dollar (USD), probably between 1,1510 and 1,1605. In the long term, the bullish impulse has slowed down; A breakdown of 1,1480 would suggest that the EUR could be negotiated in a range instead of continuing to climb, the FX analysts of UOB Group, to be Leang and Peter Chia.
The bullish impulse has slowed down
24 -hour perspective: “We noticed yesterday that ‘the impulse is becoming flat’, and we hoped that the Eur ‘would be consolidated in a range of 1,1495/1,1600.’ Subsequently, the EUR was negotiated in a higher range than expected (1,1522/1,1614) before closing a large extent without changes in 1,1561 (+0.08%).
Perspective 1-3 weeks: “We became positive about the EUR last Thursday. After the strong recess of the EUR last Friday, we pointed out yesterday (June 16, for 1,1540) that ‘the bullish impulse has slowed down something, and a break of 1,1480 would suggest that the EUR could be negotiated in a range instead of continuing to rise.’ Subsequently, the EUR was negotiated in a range, closing to a large extent without changes, and there are no changes in our vision. “
Source: Fx Street
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