UOB analysts signal continued bearish momentum for the Euro as the currency pair hits 17-month lows, with expectations for further intraday declines limited to the 1.1145–1.1185 range.
The EUR/USD pair is experiencing significant downward pressure, reaching fresh 17-month lows as noted by UOB analysts. The pair remains in a bearish trend, with analysts projecting continued intraday weakness while maintaining a specific trading range for potential containment.
UOB analysts expect ongoing weakness for the Euro against the US Dollar, with further losses possible in the near term.
Analysts expect further intraday losses to be contained within the 1.1145–1.1185 range.
The Euro continues its downward trajectory against the US Dollar, reaching fresh 17-month lows according to UOB market analysts. While further losses remain possible in the immediate term, experts expect price action to stay contained within the 1.1145 to 1.1185 range.
The outlook remains bearish, with the pair hitting 17-month lows and analysts expecting continued downward pressure in the short term.