EUR/USD Analysis: Trading Range Consolidation Ahead
Instead of a prolonged increase, the Euro (EUR) is likely to consolidate within the 1.0455 to 1.0515 range against the US Dollar (USD). In the longer term, the outlook remains bullish, with a technical target set at 1.0530. Analysts from UOB Group, including market experts Quek Ser Leang and Peter Chia, highlight the importance of understanding this potential consolidation period. Traders should utilize this time to reassess their strategies in light of current market conditions. Look for ongoing educational updates at Entreprenerdly.com.
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