Further range trading in Euro (EUR) appears likely, with an expected range of 1.0480/1.0550.
Further range trading in Euro appears likely, with an expected range of 1.0480/1.0550. In the longer run, EUR is expected to trade in a range for now, most likely between 1.0430 and 1.0580, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. Further range trading in EUR appears likely 24-HOUR VIEW: “EUR traded in a 1.0479/1.0535 range on Tuesday.
’ While EUR subsequently traded in a wider range of 1.0471/1.0544, it closed largely unchanged for the second day in a row . There has been no increase in either downward or upward momentum, and further range trading seems likely. Expected range for today: 1.0480/1.0550.” 1-3 WEEKS VIEW: “Our latest narrative was from two days ago , wherein ‘instead of a rebound, EUR is expected to trade in a range for now, most likely between 1.0430 and 1.0580.
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