Current price movements are probably part of a phase of trade in rank, probably between 1,0355 and 1,0415. In the long term, the perspective is uncertain; The EUR could be negotiated in a wide range of 1,0250/1,0490 at the moment, the FX analysts of the UOB group, to be Leang and Peter Chia.
EUR can be negotiated in a wide range of 1,0250/1.0490
24 -hour view: “The EUR rose to 1,0442 on Wednesday and then retreated. Yesterday (Thursday), we highlight that ‘the setback in overcompra conditions and the deceleration of the impulse suggest that instead of continuing to rise, the EUR is probably negotiated between 1,0360 and 1,0430 ‘. in rank, probably between 1,0355 and 1,0415. “
Perspective 1-3 weeks: “Our most recent narrative was two days ago (February 5, for 1,0375), in which ‘the perspective is uncertain for now, and the EUR could be negotiated in a wide range of 1,0250/1,0490 for now.’ We continue to maintain the same vision. “
Source: Fx Street
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