EUR/USD: Further decline now looks unlikely – UOB – by pabspiovano EURUSD Currencies Majors Crosses
trade within the 0.9900-1.0090 range in the next weeks, suggest FX Strategist at UOB Group Lee Sue Ann and Quek Ser Leang.24-hour view: “We highlighted yesterday that ‘the rebound in EUR has room to extend to 1.0030’. We added, ‘the next resistance at 1.0090 is unlikely to come into view’. Our expectations did not quite materialize as EUR rose to 1.0029, dropped to 0.9929 before rebounding to end the day little changed at 0.9994 .
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