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#1 03-07-2018 11:59:21

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro should evolve laterally for the time being (UOB)

EUR/USD: the euro should evolve laterally for the time being (UOB)

     

http://www.forex-central.net/forum/userimages/logo-uob.gif


UOB believes that the EUR/USD should consolidate in the very near future.

"Friday's EUR/USD rise slowed down quickly without testing the strong resistance at 1.1720.

Technical indicators have become neutral, and the current move is seen as a continuation of the consolidation.

In other words, the EUR/USD should move laterally for the moment, potentially between 1.1600/1.1690.
"


"Anything worth having is worth going for - all the way." - J.R. Ewing

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