EUR/USD short-term outlook from UOB Group.

Home / EUR USD / EUR/USD short-term outlook from UOB Group. FORECAST

According to the UOB Group analysts, the EUR/USD will move lower in the short-term.

“While the break below 1.1230 bodes well for our bearish EUR view, the downward momentum is not as impulsive as we would like and this coupled with the strong support at 1.1145 suggests that EUR may struggle to move below this level. As such, those who are short may like to take partial profit at this level. Stop-loss is adjusted lower to 1.1320 from 1.1395 previously.” written in the report.

Forex Forecast

Recommended Posts