EUR/USD NOW FACES FURTHER CONSOLIDATION – UOB

avatar
· Views 129



UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang expected EUR/USD to navigate within the 1.0690-1.0820 range for the time being.


Key Quotes

24-hour view: We highlighted yesterday that EUR could rebound further but “it is highly unlikely to reach the major resistance at 1.0820.” We added, “there is another resistance at 1.0780.”. Our expectations did not quite turn out as EUR dipped to 1.0704, rebounded to 1.0768 before ending the day little changed at 1.0752 ( 0.04%). Slightly firm momentum indicators continue to suggest that EUR could rebound further. However, the major resistance at 1.0820 is still likely out of reach. Support is at 1.0735, followed by 1.0715. 


Next 1-3 weeks: There is not much to add to our update from yesterday (12 Sep, spot at 1.0750). As highlighted, the recent EUR weakness had stabilised. From here, EUR is likely to trade in a range, probably between 1.0690 and 1.0820.

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.

이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
댓글 0

더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.

  • tradingContest