Yet EUR/USD is expected to trade in the range of 1.0870-1.1080 in the coming weeks, currency strategists at UOB Group suggest.
Featured Comments
24 hour view: “Yesterday we saw EUR/USD ‘likely to move sideways into a 1.0900/1.1000 range’. EUR/USD subsequently moved between 1.0924 and 1.1019. Price action still appears to be part of a consolidation and we expect EUR/USD to move between 1.0920 and 1.1020 today.”
Next 1-3 weeks: “Not much to add to our update on Monday (March 14, EUR/USD at 1.0930). As highlighted, EUR/USD is likely to move sideways within a range of 1.0870/1.1080. Heading into Going forward, if EUR/USD closes below 1.0870, it would likely revisit major support at 1.0805.
Source: Fx Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
