EUR/USD would likely move within a consolidative theme – UOB – by pabspiovano EURUSD Currencies Majors Banks
is now seen trading between 1.0180 and 1.0379 in the next weeks, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “Our view for EUR to ‘weaken further’ was incorrect as it rebounded strongly to a high of 1.0307 before closing on a firm note at 1.0302 . The rebound appears to have scope to extend but the major resistance at 1.0375 is unlikely to come into view . Support is at 1.0280, a breach of 1.0260 would indicate EUR is not advancing further.
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