EUR/USD rangebound still prevails – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - The research team at UOB Group has reiterated its neutral perspective on the pair in the near-term.

    Key Quotes

    “The recent build-up in the short-term upward momentum fizzled out with the rapid drop from the high of 1.0975 yesterday”.

    “It appears that EUR is still trapped within a 1.0800/1.0990 range for now”.

    “That said, the current neutral phase that started about two weeks ago appears to be close to completion but confirmation of a sustained directional move is only upon a break below 1.0800 or above 1.0990”.
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