EUR/USD: Range trading expected – UOB Group
Source Fxstreet
EUR/USD is anticipated to trade within a range of 1.1920 to 1.2020 following a sharp pullback. The recent price movements indicate a potential range-trading phase after EUR dropped to a low of 1.1895 and closed at 1.1952, report UOB Group analysts Quek Ser Leang and Lee Sue Ann.
EUR/USD range outlook
"EUR is likely to trade in a range between 1.1920 and 1.2020."
"The current price movements are likely part of a range-trading phase."
"Only a breach of 1.1890 would indicate that the sharp rise from the middle of last week is ready to take a breather."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Goldman Sachs raises 2026-end gold price forecast by $500 to $5,400/ozJan 22 (Reuters) - Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from $4,900/oz earlier, noting private-sector and emerging market central banks' diversification into gold.Spot gold XAU= climbed to a peak of $4,887.82 per ounce on Wednesday. The safe‑haven metal h...
Jan 22 (Reuters) - Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from $4,900/oz earlier, noting private-sector and emerging market central banks' diversification into gold.Spot gold XAU= climbed to a peak of $4,887.82 per ounce on Wednesday. The safe‑haven metal h...
Tether emerges as one of the world’s most aggressive gold buyers, rivaling and in some quarters surpassing central banks.It comes as the crypto firm progressively converts stablecoin profits into phys
Bitcoin encounters mounting selling pressure as January 2026 ends, including a $2.24 billion drop in stablecoin market capitalization, a year-low Coinbase premium, and a sharp decline in mining hashra
A new artificial intelligence (AI)–driven outlook for XRP is drawing attention after market analyst Sam Daodu shared projections generated by Claude AI, outlining how the cryptocurrency could
Gold prices hit an all-time high over $5,200 an ounce as geopolitical uncertainty and a weakening dollar drive strong demand for safe-haven assets. Other precious metals like silver and platinum also near record highs.
Related Instrument
