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#1 12-09-2018 08:48:44

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: euro could continue to consolidate in the short term (UOB)

EUR/USD: the euro could continue to consolidate in the short term (UOB)

     

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


UOB believes that the EUR/USD could extend its consolidation in the short term.

"The EUR/USD hit a peak at 1.1643 on Tuesday, and the ensuing decline reinforces our neutral bias, even though we continue to believe that the EUR/USD could test the bottom of the consolidation range at 1.1470.

Overall, the current move is seen as part of a consolidation phase that could still last a few days.

In other words, we do not believe that the EUR/USD will embark on a directional move soon.
"


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

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