Euro: Further upside toward 1.1725 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights EUR/USD at 1.1685 holding recent gains, with intraday trading likely between 1.1655 and 1.1715.
United Overseas Bank (UOB) analyst Quek Ser Leang notes the EUR/USD exchange rate at 1.1685, with intraday trading possibly occurring between 1.1655 and 1.1715. Over the next 1-3 weeks, he expects further upside toward 1.1725, but warns that a drop below 1.1615 would indicate the recent upward pressure has diminished. The 24-hour view stated that EUR's rally has potential to continue, but any advance may be confined to the 1.1635/1.1700 range. Today, UOB anticipates EUR to trade within the 1.1655-1.1715 range.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
