Euro: Range phase caps recent advance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD held near 1.1650 after a brief dip, with intraday action lacking strong downside momentum.
Euro (EUR) has paused its recent climb against the US Dollar (USD), settling around the 1.1650 mark, according to the report from United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann. The bank notes that yesterday's EUR value dipped to 1.1636 before climbing to 1.1651, essentially unchanged. The market seems to be entering a range-bound phase, with analysts predicting EUR to trade between 1.1600 and 1.1685 in the coming days. In the longer term, UOB maintains bullish targets at 1.1800 and 1.1850.
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