EUR/USD keeps the range bound theme unchanged – UOB By pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We highlighted yesterday that the ‘advance in EUR could extend above 1.1190 first before easing’. EUR subsequently rose to 1.1184 before staging a surprisingly sharp decline . While the rapid drop appears to be running ahead of itself, EUR could decline further to 1.1035. The major support at 1.0990 is unlikely to come under threat. On the upside, a breach of 1.1125 would indicate the current downward pressure has eased.
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