EUR/USD risks further downside near term – UOB By pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We expected EUR to weaken yesterday but we were of the view that ‘the major support at 1.1300 is unlikely to come into the picture’. The anticipated weakness exceeded our expectations as EUR dropped to 1.1278 during late NY session. From here, EUR is likely to weaken further but oversold conditions suggest any decline could be limited to 1.1270. The next major support at 1.1240 is unlikely to come under threat. On the upside, a breach of 1.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY now likely moved into a range bound theme – UOBFollowing the recent price action, USD/JPY is now predicted to gyrate around 114.75 and 116.05 in the next weeks, suggested FX Strategists at UOB Grou
Read more »
India: RBI kept the steady hand amidst a dovish tilt – UOBEconomist at UOB Group Barnabas Gan assesses the latest monetary policy meeting by the RBI. Key Takeaways “The Reserve Bank of India (RBI) kept its po
Read more »
EUR/USD loses the grip and challenges 1.1300 ahead of ECBThe single currency sheds further ground and forces EUR/USD to put the 1.1300 support level to the test on Monday’s European morning. EUR/USD looks to
Read more »
EUR/USD Forex Signal: Bears Eye Moves Below 1.1300The $EURUSD pair declined sharply on Friday as investors continued to worry about the ongoing tensions between Western countries and Russia.
Read more »
EUR/USD hovering precariously above 1.1300 as traders monitor Russia/Ukraine/NATO tensionsEUR/USD is hovering just to the north of the 1.1300 level as ongoing concerns about the Eurozone’s economic vulnerability to a Russia/Ukraine war plus
Read more »
EUR/USD bulls tread around with caution in a field of land mines and disruptive Russian headlinesEUR/USD bulls tread with caution in a field of land mines of disruptive Russian headlines By ross_burland EURUSD DollarIndex RussianFederation Fed ECB
Read more »