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#1 09-10-2018 08:48:38

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: euro will likely continue to consolidate on the forex today

EUR/USD: the euro will likely continue to consolidate on the forex today (UOB)

     

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


The EUR/USD will likely further consolidate on the forex today, says UOB.

"The EUR/USD retreated yesterday below last week's trough before rebounding solidly.

While momentum suggests low risk of breaking below the major support at 1.1450, it is too early to anticipate a strengthening phase for the EUR/USD.

The EUR/USD is more likely to consolidate today. If the 1.1450 is broken through, the pair could quickly decline to the next support level at 1.1420.
"


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

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