There is a possibility that the EUR test 1,1445; The main support in 1,1400 is unlikely to be threatened. In the long term, the Euro (EUR) will probably 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 point out.
The main support in 1,1400 is unlikely to be threatened
24 -hour perspective: “In the first Asian session last Friday, we indicate that ‘current price movements are probably part of a negotiation phase in range between 1,1470 and 1,1540.’ The EUR was negotiated in a narrower range than expected (1,1489/1,1553), before closing at 1,1522 (+0.24%). unlikely that the main support in 1,1400 is threatened.
Perspective 1-3 weeks: “In our most recent narrative last Thursday (June 19, for 1,1475), we highlight that the EUR ‘will probably be negotiated in a range for now, probably between 1,1400 and 1,1570.’ We continue to maintain the same vision. “
Source: Fx Street
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