EUR/USD looks consolidative in the near term – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hout view: “We expected EUR to ‘consolidate between 1.0855 and 1.0925’ last Friday. However, EUR dropped to 1.0835 before rebounding to close at 1.0867 . Despite the decline, downward momentum has barely improved and EUR is unlikely to weaken further. Today, EUR is more likely to trade sideways, expected to be within a range of 1.0840/1.0900.”
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