UOB analysts forecast a tight consolidation for EUR/USD, eyeing a potential recovery above the 1.1280 level if the pair breaks its current 1.1170–1.1270 trading range.
UOB strategists expect EUR/USD to remain range-bound in the near term with a potential corrective recovery above the 21-day EMA.
UOB strategists project EUR/USD will remain range-bound in the near term as momentum indicators show little directional conviction. The pair is expected to trade within a 1.1170 to 1.1270 band over the next three weeks, with a potential corrective recovery contingent on breaking the 21-day EMA at 1.1280.
UOB strategists anticipate the pair will trade within a range of 1.1170 to 1.1270 over the next one to three weeks.