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#1 10-07-2018 08:48:38

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the prospects of an accelerating rally are not strong (UOB)

EUR/USD: the prospects of an accelerating rally are not strong (UOB)

     

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


UOB believes that the EUR/USD has entered a consolidation phase.

"The EUR/USD peaked at 1.1790, before falling back down. The bullish momentum weakened with the pullback and the prospects of a clear break above 1.1790 are not strong.

Now, the EUR/USD has probably entered a consolidation phase and should move sideways.
"


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

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