UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note further downside in EUR/USD is likely to meet s decent support near 1.0830.
Key Quotes
24-hour view: EUR dipped briefly to a fresh 6-week low of 1.0843 last Friday before recovering to end the day little changed at 1.0865 (-0.06%). Despite making a fresh low, there is hardly any increase in downward momentum. Today, we expect USD to trade in a range, likely between 1.0845 and 1.0900.
Next 1-3 weeks: Last Friday, EUR dropped to a fresh 6-week low of 1.0843. Downward momentum has increased, albeit just a tad. While there is room for EUR to weaken further, the lackluster momentum suggests the pace of any decline is likely to be slow. Support is at 1.0830, followed by 1.0790, a solid support level. On the upside, if EUR breaches 1.0930, it would mean that EUR is not weakening further
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
