EUR/USD: No change to the mixed outlook – UOB

Pablo Piovano FXStreet

In opinion of FX Strategists at UOB Group, EUR/USD is still seen navigating within the 1.1240-1.1395 range in the next weeks.

Key Quotes

24-hour view: “We expected EUR to ‘edge lower within a range of 1.1265/1.1310’ yesterday, However, EUR rose to 1.1346 before dropping back down quickly. The outlook is mixed and EUR is likely to trade sideways between 1.1280 and 1.1340 for today.”

Next 1-3 weeks: “Our view from Tuesday (04 Jan, spot at 1.1305) still stands. As highlighted, while downward momentum has improved a tad, the outlook for EUR is unclear for now. From here, EUR could trade between 1.1240 and 1.1395.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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