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#1 04-12-2018 08:45:45

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: post-consolidation risks are pointing upward (UOB)

EUR/USD: post-consolidation risks are pointing upward (UOB)

     

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


UOB notes that the risks are bullish for the EUR/USD.

"There isn't much to add to yesterday's update. As we said, recent upward pressures have eased, and the EUR/USD is likely to be trapped in a consolidation range at 1.1265/1.1400 for the time being.

In other words, the EUR/USD should move laterally.

Later on, the bullish risks look higher, but even if there is an impulse above 1.1400, the EUR/USD may have trouble breaking above 1.1440.
"


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

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