EUR/USD now appears within a consolidative range – UOB
31.05.2023, 05:45

EUR/USD now appears within a consolidative range – UOB

Economist Lee Sue Ann and Markets Strategist Quek Ser Leang expect EUR/USD to trade within the 1.0670-1.0820 range in the next weeks.

Key Quotes

24-hour view: “We highlighted yesterday that EUR ‘could edge below 1.0700 but it is highly unlikely to threaten the major support at 1.0650’. We added, ‘there is a minor support at 1.0680’ and ‘a breach of 1.0745 would indicate the current mild downward pressure has faded’. Our view turned out to be correct as EUR dropped to 1.0671 and then rebounded sharply to 1.0746. Not only has downward pressure faded, upward pressure is beginning to build. Today, EUR could strengthen but it might not be able to break clearly above 1.0775 (there is another resistance at 1.0755). Support is at 1.0705, followed by 1.0670.”

Next 1-3 weeks: “We have expected EUR to weaken since three weeks ago. Our view was correct and as EUR dropped, in our latest narrative from last Friday (26 May, spot at 1.0725), we held the view that the selloff in EUR appears to be overextended. We added, ‘while it could still drop further, it remains to be seen if it has enough momentum to break clearly below the next support at 1.0650’. Yesterday (30 May), EUR dropped to a low of 1.0671 and then rebounded sharply to close higher by +0.26% (1.0733). While our ‘strong resistance’ level of 1.0775 has not been breached, downward pressure has more or less faded. In other words, EUR weakness has likely stabilized and it is likely to trade in a range of 1.0670/1.0820 for the time being.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik