EUR/USD now points to some consolidation – UOB – by pabspiovano EURUSD Currencies Banks Majors
24-hour view: “We expected EUR to ‘trade sideways between 1.0790 and 1.0860’ yesterday. However, EUR rose briefly to 1.0869, dropped sharply to 1.0773 and closed at 1.0788 . The rapid decline in EUR has scope to extend but it is unlikely to break 1.0730 . Resistance is at 1.0815, followed by 1.0840.”
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