EUR/USD: Likely to consolidate between 1.1665 and 1.1745 – UOB Group

Euro (EUR) is likely to consolidate between 1.1665 and 1.1745. In the longer run, increase in upward momentum is not enough to indicate a sustained rise; EUR must first close above 1.1745, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

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