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Euro: Range trading bias around recent rebound against US Dollar– UOB

Reported · Written up by our desk · Major Pairs

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight that EUR/USD extended gains to 1.1269 before easing, with current price action seen as part of a consolidation. Intraday, the Euro (EUR) is expected to hold between 1.1180 and 1.1245. On a 1–3 week horizon, the bank has shifted to a neutral stance, looking for range trading between 1.1160 and 1.1280 after the recent rebound.

Latest closeEUR/USD 1.122 ▼0.3%

← Newer storySwiss Franc gains as Fed rate pause bets weigh on US Dollar

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Sources

FXStreetEuro: Range trading bias around recent rebound against US Dollar– UOB

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