You are not logged in.

#1 26-11-2018 13:16:15

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2358
Website

EUR/USD: the euro will likely continue to consolidate before any climb

EUR/USD: the euro will likely continue to consolidate before any upward movement (UOB)

     

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


UOB believes that the EUR/USD should continue its consolidation on the forex for the time being.

"While Friday's drop was a surprise, there is no change in our outlook, which continues to expect a sideways EUR/USD movement for now.

With this in mind, bearish pressures have increased and the immediate bias is pointing downward.

At this point, we consider any decline to be part of the 1.1280/1.1420 consolidation range. A break of 1.1280 is not ruled out, but for this week, the low of 1.1213 should not be hit.
"


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

Offline

 

Board footer