EUR/USD Consolidates After Slide to 1.1324, UOB Says
UOB analysts note EUR/USD's downtrend extended to 1.1324 before a rebound, with the pair now expected to consolidate between 1.1330 and 1.1385 in the near term.
EURUSD
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann report that the euro's downtrend against the US dollar extended to 1.1324 before staging a rebound.
The pair is now seen consolidating in a tight range between 1.1330 and 1.1385 in the very near term, according to the bank.
This brief consolidation follows a stretch in the downtrend near the 1.1325 level, suggesting a pause in selling pressure for now.
Source: FXStreet Forex News