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#1 30-07-2018 09:13:30

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro should resume its lateral consolidation today (UOB)

EUR/USD: the euro should resume its lateral consolidation today (UOB)

     

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


UOB believes that the EUR/USD should move laterally today.

"Instead of accentuating the decline to 1.16 as expected on Friday, the EUR/USD rebounded after having hit a low at 1.1619.

The recovery lacks momentum and is part of a consolidation phase.

From here on out, the EUR/USD should consolidate today, within a possible range of 1.1630/1.1690.
"


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

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