Euro: Range trading bias around recent rebound against US Dollar– UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight that EUR/USD extended gains to 1.1269 before easing, with current price action seen as part of a consolidation. Intraday, the Euro (EUR) is expected to hold between 1.1180 and 1.1245. On a 1–3 week horizon, the bank has shifted to a neutral stance, looking for range trading between 1.1160 and 1.1280 after the recent…
UOB strategists Quek Ser Leang and Lee Sue Ann have noted that EUR/USD has extended gains to 1.1269, before easing, and currently trading within a consolidation phase. Intraday, the Euro (EUR) is expected to remain between 1.1180 and 1.1245. Over the course of one to three weeks, UOB has adjusted its stance to neutral, anticipating range trading between 1.1160 and 1.1280 following the recent rebound.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
