EURUSD Expected to Find Ground Between 1.0845 and 1.0910: Analysis by UOB Group
The Euro (EUR) against the US Dollar (USD) is likely to experience fluctuations within a trading range of 1.0845 to 1.0910. Following a significant rally lasting over a week, the Euro seems poised for some consolidation within the 1.0680 to 1.0950 range. UOB Group’s FX analysts, Quek Ser Leang and Peter Chia, suggest these movements are crucial to watch as market participants adjust their positions. This range could provide excellent trading opportunities for forex traders.