EUR/USD Trading Range Analysis: Insights from UOB Group
Monday, 22 July 2024, 08:35
Introduction
The strength of the Euro (EUR) has diminished, leading to a consolidation phase.
Forecasted Trading Range
According to UOB Group's FX strategists, Quek Ser Leang and Peter Chia, the EUR is expected to trade in a range between 1.0845 and 1.0945. This forecast suggests potential fluctuations influenced by ongoing market conditions.
Conclusion
Traders should be cautious and prepare for movement within these parameters as they navigate the current currency market landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.