EUR/USD sticks to the consolidative phase so far – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We highlighted yesterday that ‘there is scope for EUR to advance further but a sustained rise above 1.0250 appears unlikely’. However, EUR did not threaten 1.0250 as it dropped from 1.0234 to 1.0112 before snapping back up to end the day little changed at 1.0196 . The choppy price actions appear to be part of a consolidation phase and EUR is likely to trade between 1.0135 and 1.0235 for today.
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