EUR/USD now points to some consolidation – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We highlighted yesterday that ‘further EUR strength is not ruled out but the major resistance at 1.1120 is unlikely to come into view’. EUR not only rose less than expected , it also dropped sharply to end the day lower by 0.72% . Upward momentum has more or less dissipated and EUR is likely to trade in a range today, expected to be between 1.0860 and 1.0980.”
Next 1-3 weeks: “Yesterday , we held the view that EUR has moved out of its consolidation phase and is likely to head higher to 1.1120. We did not expect the sharp pullback that breached our ‘strong support’ level at 1.0900 . The rapid loss of upward momentum suggests EUR is not ready to head to 1.1120 just yet. To put it another way, EUR could consolidate first before heading to 1.1120 at a later stage.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
EUR/USD clings to the consolidative theme near term – UOBIn the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, EUR/USD should keep the trade within the 1.0800-1.0930 in t
続きを読む »
EUR/USD now looks at a potential test of 1.1120 – UOBIn the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, further upside could now lift EUR/USD to the 1.1120 region
続きを読む »
EUR/USD: A breakout of 1.1120 appears likely – UOBQuek Ser Leang, Markets Strategist at UOB Group, assesses the recent price action around EUR/USD. Key Quotes “In our Chart of the Day update from abou
続きを読む »
EUR/USD adds to recent gains and retargets 1.0900, FOMC eyedThe European currency keeps the optimism unchanged for the second session in a row and lifts EUR/USD back to the vicinity of the 1.0900 hurdle on Wedn
続きを読む »
EUR/USD: 1.08 support could be heavily tested after the Fed announcement – INGEUR/USD will inevitably be heavily impacted by the post-FOMC reaction today. Economists at ING believe that the pair could test the 1.08 support. An e
続きを読む »
EUR/USD Forex Signal: Prepares for a Bearish BreakoutThe $EURUSD price moved sideways on Wednesday with the focus now being the upcoming Fed decision.
続きを読む »