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#1 15-10-2018 10:30:15

Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2437

EUR/USD: the euro should consolidate during today's intraday session

EUR/USD: the euro should consolidate on the forex during today's intraday session (UOB)

UOB believes that the EUR/USD will consolidate on the forex today.

"Although we were expecting the 1.1620 resistance to hold, the rapid EUR/USD pullback from a peak at 1.1610 was not expected.

The peak at 1.1610 is considered a short-term top, and the current movement is seen as part of a consolidation phase.

We believe that the EUR/USD will move laterally or slightly downward.

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



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