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EUR/USD to tarde broad 1.1120/1.1375 range - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at UOB Group explained that the break below 1.1200 was not surprising and indicates that the bullish EUR phase that started on the 11 Mar has ended.

    Key Quotes:

    "While further EUR strength is still expected further out, this is likely only after a period of consolidation.

    In other words, the outlook for the next couple weeks is viewed as neutral and we expect this pair to trade within a broad 1.1120/1.1375 range."
    For more information, read our latest forex news.
     

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