OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD rangebound between 1.1655/1.1860 – UOB

In opinion of FX Strategists at UOB Group, spot remains poised to keep the sideline theme between 1.1655 and 1.1860.

Key Quotes

24-hour view: “We expected EUR to “drift lower towards 1.1700” yesterday but it recovered after touching a low of 1.1712. The mild downward pressure has eased and EUR is expected to consolidate at these lower levels, likely between 1.1710 and 1.1770”.

Next 1-3 weeks: “EUR surrendered some of the gains made last week but the decline clearly lacks momentum. We continue to view the current price action as part of a neutral consolidation phase. In other words, EUR is expected to trade sideways for now, likely within a broad 1.1655/1.1860 range”.

USD/JPY initial test expected around 111.74/64 – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s decline should see initial contention in the 111.74/64 band. Key
Read more Previous

USD/CAD flirting with lows, around mid-1.2700s

   •  Extends overnight retracement on renewed USD weakness.    •  Surging crude oil prices aggravating selling pressure.    •  US durable goods/FOM
Read more Next
Start livechat