A slight increase in the bullish impulse will probably lead to a higher negotiation range of 1,1685/1,1765. In the longest term, the additional strength of the EUR still seems likely; The next level to monitor is 1,1780, the FX analysts of UOB Group, quek be Leang and Peter Chia point out.
The additional strength of the EUR still seems likely
24 -hour vision: “After the Eur rose to 1,1744 last Thursday and retreated, we highlight on Friday that ‘the setback in overcompra conditions indicates that the EUR is unlikely that it rises more’. We expected the Eur ‘to consolidate in a range of 1,1660/1,1730.’ Subsequent price movements did not be as expected, since the EURs briefly rose to 1,1754 before lowering and closing in 1,1719 (+0.17%). today.”
Vision at 1-3 weeks: “The following extracts of our update last Friday (June 27, Spot in 1,1700) are still valid: ‘The additional strength of the EUR seems likely, but the short-term overcompra conditions could slow down the rhythm of any additional progress. The next level to monitor is 1.1780. In general, only a break of 1,1620 that the EUR is not strengthening more. ‘”
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.
