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EUR/USD: Upside limited, focus on range - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB Group noted the conditions surrounding EUR/USD.

    Key Quotes:

    "One day after meeting the immediate target at 1.1460, EUR dropped sharply and rapidly from a high of 1.1495 yesterday. The break of the stop-loss at 1.1370 suggests that the bullish phase that started on Monday was short-lived."

    "The outlook is neutral now we expect this pair to trade in a broad range of 1.1300/1.1500 in the coming days."
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