Euro Faces Major Resistance at 1.0450 as Analysts Predict Range-Bound Movements
The Euro (EUR) is poised to challenge the 1.0430 level, yet analysts caution that breaking past the significant resistance at 1.0450 appears unlikely. According to experts from UOB Group, notably Quek Ser Leang and Peter Chia, the outlook for the Euro remains ambiguous in the long term. They predict that for the immediate future, price fluctuations will be confined within a range of 1.0250 to 1.0450. This caution stems from market uncertainties that could impact the Euro’s movements going forward. Traders should remain vigilant as these factors unfold and influence EUR pricing.