EUR/USD May Trade in Higher 1.1515–1.1550 Range: UOB
UOB sees EUR/USD consolidating after a brief spike and expects a slightly higher intraday range of 1.1515–1.1550.
EURUSD
EUR/USD is consolidating after a brief spike, according to foreign exchange strategists at United Overseas Bank (UOB), Quek Ser Leang and Lee Sue Ann.
The pair is expected to trade in a slightly higher intraday range of 1.1515–1.1550. The analysts note the euro is moving within a broader range against the US dollar, with the underlying tone favouring the upper part of the band. The note does not signal a larger directional break beyond the intraday range.
Source: FXStreet Forex News