EUR/USD Technical Analysis: Key Levels and Bank Insights
Thursday, 29 August 2024, 01:25
EUR/USD is under the spotlight as it approaches the 1.1040 mark, a critical level noted by UOB Group analysts. In their latest report, Quek Ser Leang and Lee Sue Ann provided a thorough technical analysis, forecasting that the pair may trade within the 1.1040 to 1.1200 range. Key insights from banks suggest traders should monitor the overall market sentiment and adapt strategies accordingly.
Technical Insights from Banks
- Key Support: 1.1040
- Key Resistance: 1.1200
- Market Sentiment: Cautiously bullish
Potential Trading Strategies
- Watch for breaks above resistance
- Focus on trend reversals near support
For more details on market expectations and strategies, please visit the source.
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.