EUR/USD: It will probably be negotiated in a range between 1,1280 and 1,1400 – UOB Group

The euro (EUR) is probably negotiated in a range between 1,1280 and 1,1400 against the US dollar (USD). In the long term, a greater strength of the EUR is not ruled out, but first it could operate in rank for a couple of days, the FX analysts of UOB Group, to be Leang and Peter Chia.

A greater strength of the EUR is not ruled out

24 -hour vision: “After the strong rebound last Friday, we indicated yesterday (Monday) that ‘the rebound could pause.’ We consider that the EUR ‘probably negotiate between 1,1240 and 1,1415.’ The EUR was then negotiated in a narrower range than expected (1.1295/1,1424), closing slightly down 0.10% in 1,1349.

Vision at 1-3 weeks: “The following resistance is in 1,1500. The extracts of our update of yesterday are presented below (April 14, quotation in 1,1340: ‘While a greater strength of the EUR is not ruled out, the short-term overcompra conditions could lead to a couple of days of negotiation in the first range. Provided that 1,1180 (level of’ strong support ‘) is not broken This month could extend to 1,1500. ‘

Source: Fx Street

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