EUR/USD Set for Downward Trend in the Short Term, Analysts Suggest
The Euro is anticipated to trade with a downward bias, though declines are not expected to breach the crucial support level of 1.1630 shortly. UOB Group analysts indicate a mixed outlook for the longer term, with expected trading in a range between 1.1630 and 1.1755. Traders should closely monitor economic indicators as they could significantly impact the Euro’s movement in the market. It is advisable for investors to stay informed on developments that may alter trading conditions, keeping a steady approach. For additional insights, check out entreprenerdly.com.