EUR/USD: neutral outlook for short term - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB Group offered a neutral outlook for EUR/USD.

    Key Quotes:

    "Neutral: Expect sideway trading between 1.1300 and 1.1500. EUR tested the 1.1300 support yesterday with a low of 1.1304.

    The down-move is clearly lacking in momentum and does not appear to be part of a sustained down-move. In other words, there is no change to our neutral view wherein we expect this pair to trade in a broad 1.1300/1.1500 for now."
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