UOB analysts project a short-term consolidation for EUR/USD between 1.1120 and 1.1190, noting that a decisive break below 1.1110 is required to trigger a sustained decline.
UOB sees EUR/USD in a short-term range between 1.1120 and 1.1190, with downside risk hinging on a break below 1.1110 and a corrective recovery possible above the 21-day EMA at 1.1280.
UOB strategists identify a consolidation phase for the EUR/USD pair following a rebound to 1.1152. The pair is expected to trade within a tight 1.1120 to 1.1190 range over the next 24 hours as market participants await further directional signals.
UOB strategists view the pair as being in a consolidation phase, trading within a range of 1.1120 to 1.1190 in the immediate term.