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EUR/USD keeps the neutral bias – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The research team at UOB Group remains neutral on the pair’s outlook for the next 1-3 weeks.

    Key Quotes

    EUR traded quietly late last week and there is no change to the current neutral view”.

    “We continue to expect this pair to trade in a broad 1.1120/1.1375 range even though the immediate risk appears to be tilted to the downside”.

    “A clear break below 1.1120 could lead to a quick drop towards the next support near 1.1055. On a shorter-term note, 1.1280 is already a strong resistance (key resistance is at 1.1375)”.
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