EUR/USD still neutral near term – UOB

Pablo Piovano FXStreet

The pair should remain within a 1.1380/1.1550 range in the next 1-3 weeks, according to FX Strategists at UOB Group.

Key Quotes

“Despite the strong daily closing, we continue to hold a neutral view for this pair. The price action still looks like the early stages of a rising wedge”.

“However, EUR is more likely to trade at a higher 1.1380/1.1550 range instead of the 1.1320/1.1520 expected previously”.

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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