EUR/USD risks further weakness near term – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “Our view for EUR to decline further yesterday was incorrect as it rebounded to a high of 1.0982. Despite the advance, there is no marked improvement in momentum. While EUR could edge higher today, we view any advance as part of a 1.0935/1.1000 range. In other words, we do not expect a sustained drop below 1.0935 or above 1.1000.”
Next 1-3 weeks: “Yesterday , we noted that ‘downward momentum appears to be building, albeit tentatively’. We held the view that EUR ‘is likely to trade with a downward bias but any decline is expected to face solid support at 1.0830’. While we continue to hold the same, short-term price actions suggest EUR is likely to consolidate for 1-2 days first. Overall, only a breach of 1.1025 would indicate that the build-up in momentum has fizzled out.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EUR/USD: Strong support emerges around 1.0830 – UOBIn opinion of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, further downside in EUR/USD should meet tough conten
Leer más »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, Bitcoin, EUR/USDWeekly Forex Forecast – NASDAQ 100 Index, Bitcoin, EUR/USD, Gold, Silver trading currencies commodities money finance makemoney Fx markets
Leer más »
EUR/USD: Weekly Forecast 16th April - 22th AprilThe EUR/USD will start the week near the 1.09930 mark, which is a price that has last seen sustained values in March and April of 2022.
Leer más »
EUR/USD Forex Signal: Bullish Breakout Suggests Valid TrendTrend traders will be waiting for the current bearish retracement to end to get long.
Leer más »
EUR/USD stumbles on Fed rate hike speculations, slides below 1.1000EUR/USD losses traction on technical reasons and on a stronger US Dollar (USD, as speculations that the US Federal Reserve (Fed) would hike rates in M
Leer más »
EUR/USD sees more downside to near 1.0900 as ECB to slow down policy-tightening paceThe EUR/USD pair is continuously declining for the past two trading sessions after failing to sustain above the critical resistance of 1.1050. The maj
Leer más »