• Edwick Haron

EUR/USD clings to the consolidative stance – UOB

FX Strategists at UOB Group see EUR/USD broadening the side-lined subject somewhere in the range of 1.1660 and 1.1880 in the following weeks.


Key Quotes


24-hour see: "Last Friday, we held the view that the inclination for EUR 'is inclined to the drawback towards 1.1765'. In any case, EUR plunged to 1.1781 before bouncing back unequivocally. Regardless of the fast bob, upward energy has not improved by a lot. All things considered, there is space for EUR to edge higher and test the 1.1880 obstructions. For now, a continued ascent over this level isn't normal (next obstruction is at 1.1915). The backing is at 1.1815 yet just a move beneath 1.1790 would demonstrate the current upward weight has facilitated."




Next 1-3 weeks: "We keep on holding a similar view from last Thursday (13 Aug, spot at 1.1795) wherein EUR is 'still in a union stage and is probably going to exchange sideways'. All things considered, upward energy is starting to tick up as EUR approaches the head of the expected combination scope of 1.1660/1.1880. While EUR could edge above 1.1880, just a NY shutting above 1.1915 would demonstrate the beginning of the new positive stage. At this stage, the likelihood for such a move isn't high."

10 views0 comments

Contact Us

WHO WE ARE ?

OUR POLICIES

GET SUPPORT

FAQ's

Contact Us

Disclaimer- Signals factory is not an investment advisor and can neither advice you on your financial goals nor can it assess your risk profile. Signals factory provides market knowledge and training through webinars and demo signal packages to educate its customers. Please consult a qualified investment advisor before subscribing to any of the training packages if you are not sure about suitability of the packages.

Copyright © 2021 by Signalsfactory.info. All rights reserved

  • LinkedIn
  • Twitter
  • Signal Factory Whatsapp
  • Signals Factory Instagram
  • Signal Factory Facebook Page