The Euro (EUR) should trade with an upward bias; Any advance is probably limited to a 1.1225 test. In the longer term, the EUR is likely to consolidate between 1,1100 and 1,1290 for the moment, FX analysts of the UOB Group, Quek Ser Leang and Peter Chia.
EUR should also chat with an upward bias
View 24 hours of 24 hours: “When the EUR was 1.1190 in early Asian trade last Friday, we expected it to vary the trade, probably between 1.1145 and 1.1235 ''. However, the EUR exchanged a beach lower than the expectations of 1,1219 to 1.1129, then to close to 1,1163 (-0.21%). The light upper increase in the current increase has faded. ”
1 to 3 weeks see: “Last Thursday (May 15, spot at 1.1180), we indicated that the EUR” has probably entered a consolidation phase. “We have also indicated that” for the moment, we expect it to be negotiated between 1,1100 and 1,1290 “. There is no change from our point of view.”
