SniperFx

Archives

  • March 2023
  • February 2023
  • January 2023
  • September 2022
  • August 2022
  • January 2022
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Analysis
  • Bonds
  • COVID
  • Crypto
  • Forex
  • Forex Trading
  • Ideas
  • Investing
  • Stocks
  • Uncategorized
  • World
  • Home
  • Forex
  • Crypto
  • Contact
0 Likes
0 Followers
0 Followers
Subscribe
SniperFx
SniperFx
  • Bonds
  • Crypto
  • COVID
  • Forex
    • Forex Trading
  • Ideas
  • Investing
  • Stocks
  • World

EURUSD now faces some near-term consolidation – UOB

  • admin
  • March 13, 2023
  • 1 minute read
Total
0
Shares
0
0
0

Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia now see EUR/USD navigating within the 1.0560-1.0800 range for the time being.

Key Quotes

24-hour view: “We expected EUR to ‘continue to edge higher’ last Friday but we were of the view that it ‘is unlikely to break strong resistance at 1.0630’. However, EUR strengthened more than expected, jumping to a high of 1.0700. Upward momentum has improved, albeit not significantly. Today, EUR could advance further to 1.0740. The major resistance at 1.0800 is not expected to come under threat. On the downside, a breach of 1.0620 (minor support is at 1.0660) would indicate that the current upward pressure has eased.”

Next 1-3 weeks: “Our latest narrative was from last Wednesday (08 Mar, spot at 1.0550) where the slight improvement in downward momentum is likely to lead to EUR gravitating lower to 1.0485. Last Friday, EUR jumped above our ‘strong resistance’ of 1.0630. The breach of the ‘strong resistance’ indicates that downward pressure has eased. We view the current price actions as part of a consolidation range and expect EUR to trade between 1.0560 and 1.0800 for the time being.”

Total
0
Shares
Share 0
Tweet 0
Pin it 0
admin

Previous Article

Biden vows to hold those responsible for SVB, Signature collapse

  • admin
  • March 13, 2023
View Post
Next Article

Gold Price Shines as US Dollar Tanks on Sinking Yields from SVB Bailout. Higher XAUUSD

  • admin
  • March 13, 2023
View Post
You May Also Like
View Post
  • Forex

EURUSD Seen at 1.05 in three months – Rabobank

  • admin
  • March 25, 2023
View Post
  • Forex

GBPUSD A test of 1.25 in the coming days is looking quite likely – ING

  • admin
  • March 23, 2023
View Post
  • Forex

EURUSD extends the rally and flirts with 1.0800 ahead of Fed

  • admin
  • March 22, 2023
View Post
  • Forex

NZDUSD NZ’s remoteness to instability still makes it one of the “cleaner dirty shirts” – ANZ

  • admin
  • March 21, 2023
View Post
  • Forex

AUDUSD to remain below the 0.68 mark over the coming months – Danske Bank

  • admin
  • March 20, 2023
View Post
  • Forex

BoE A 25 bps next week not fully priced in interest rate markets – Rabobank

  • admin
  • March 18, 2023
View Post
  • Forex

USDCHF pulls back amid improved sentiment on Credit Suisse front

  • admin
  • March 17, 2023
View Post
  • Forex

EURUSD At risk of breaking below 1.05 if concerns over Credit Suisse are not resolved quickly – MUFG

  • admin
  • March 16, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Trump warns of ‘death & destruction’ if charged with a crime
  • Britain’s John Lewis has lost its soul, says Mary Portas
  • Dan Gambardello: ADA Could Spike as Cardano Hits 4M Wallets
  • USDCAD Potential downsides
  • AUDUSD drops to over one-week low, below mid-0.6600s amid broad-based USD strength

Recent Comments

No comments to show.
Featured Posts
  • 1
    Trump warns of ‘death & destruction’ if charged with a crime
    • March 25, 2023
  • 2
    Britain’s John Lewis has lost its soul, says Mary Portas
    • March 25, 2023
  • 3
    Dan Gambardello: ADA Could Spike as Cardano Hits 4M Wallets
    • March 25, 2023
  • 4
    USDCAD Potential downsides
    • March 25, 2023
  • 5
    AUDUSD drops to over one-week low, below mid-0.6600s amid broad-based USD strength
    • March 25, 2023
Recent Posts
  • EURUSD Seen at 1.05 in three months – Rabobank
    • March 25, 2023
  • NFT investor accidentally burns $135K CryptoPunk trying to borrow money
    • March 25, 2023
  • N.B. to end COVID-19 PCR testing for most people April 1, memo reveals
    • March 25, 2023
Categories
  • Analysis (8)
  • Bonds (47)
  • COVID (73)
  • Crypto (65)
  • Forex (81)
  • Forex Trading (46)
  • Ideas (46)
  • Investing (46)
  • Stocks (89)
  • Uncategorized (40)
  • World (195)
SniperFx
  • Home
  • Forex
  • Crypto
  • Contact
Forex & Crypto Updates

Input your search keywords and press Enter.