UOB Sees EUR/USD Range Trading with Downside Risks
UOB analysts expect EUR/USD to trade in a 1.1360–1.1450 range over the next 1–3 weeks, noting increasing downward momentum after a test of 1.1460.
EURUSD
UOB's Quek Ser Leang and Lee Sue Ann observe that EUR/USD has slipped after testing 1.1460, with downward momentum building. They note major support at 1.1360 is currently difficult to reach near term.
For the coming 1–3 weeks, the analysts forecast EUR/USD to remain range-bound between 1.1360 and 1.1450, highlighting downside risks against the US dollar.
Source: FXStreet Forex News