EUR/USD: Likely to trade in a range of 1.1390/1.1445 – UOB Group

Source Fxstreet

Price movements did not result in any increase in either downward or upward momentum; Euro (EUR) is likely to trade in a range of 1.1390/1.1445 against US Dollar (USD). In the longer run, EUR appears to have entered a range trading phase between 1.1330 and 1.1495, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR appears to have entered a range trading phase

24-HOUR VIEW: "We indicated yesterday that 'the current price movements appear to be part of a range trading phase', and we expected EUR to 'trade between 1.1365 and 1.1435.' EUR subsequently traded in a range of 1.1385/1.1439. The price movements did not result in any increase in either downward or upward momentum. We continue to expect EUR to trade in a range, likely between 1.1390 and 1.1445."

1-3 WEEKS VIEW: "Yesterday (09 Jun, spot at 1.1405), we revised our view to neutral, indicating that EUR 'appears to have entered a range trading phase, likely between 1.1330 and 1.1495.' There is no change in our view."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US Dollar Index (DXY) dips further and nears 98.00 on risk appetite, lower US yieldsThe US Dollar extends Friday’s reversal on Monday’s European morning session.
Author  FXStreet
6 hours ago
The US Dollar extends Friday’s reversal on Monday’s European morning session.
placeholder
Musk's xAI to Launch "Baby Grok": Can Child-Focused AI Win Back Public Trust?Tesla (TSLA) CEO Elon Musk announced via the social platform X that his AI company, xAI, will launch a child-targeted interactive application called "Baby Grok".
Author  TradingKey
7 hours ago
Tesla (TSLA) CEO Elon Musk announced via the social platform X that his AI company, xAI, will launch a child-targeted interactive application called "Baby Grok".
placeholder
Japan’s yen rose after Ishiba’s party lost the electionThe Japanese yen jumped early Monday, catching traders off guard just hours after Ishiba’s ruling party suffered a historic blow in the upper-house election.
Author  Cryptopolitan
7 hours ago
The Japanese yen jumped early Monday, catching traders off guard just hours after Ishiba’s ruling party suffered a historic blow in the upper-house election.
placeholder
Silver Price Forecast: XAG/USD resumes its uptrend and tests $38.45 resistanceSilver (XAG/USD) is trading higher, following a slight decline on Friday.
Author  FXStreet
8 hours ago
Silver (XAG/USD) is trading higher, following a slight decline on Friday.
placeholder
WTI flattens around $66 even as EU approves sanctions on RussiaWest Texas Intermediate (WTI), futures on NYMEX, trades flat around $66.00 during the European trading session on Monday.
Author  FXStreet
8 hours ago
West Texas Intermediate (WTI), futures on NYMEX, trades flat around $66.00 during the European trading session on Monday.
Related Instrument
goTop
quote