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#1 07-08-2018 09:49:13

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro could resume a consolidation after Monday's decline

EUR/USD: the euro could resume a consolidation after Monday's decline (UOB)

     

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


UOB believes that the EUR/USD could consolidate after Monday's decline.

"The EUR/USD hit a low at 1.1527 before rebounding. While downside pressures have eased, the EUR/USD does not seem ready for a significant recovery, and is more likely to consolidate and move laterally.

A potential intraday range could be contained within 1.1520/1.1590.
"


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