FXStreet (Guatemala) – Analysts at UOB Group explained that their outlook for now for EUR/USD is Neutral.
Key Quotes:
“Expect volatile trading between 1.10915 and 1.1350 for the next couple of weeks. After gapping to a low of 1.0950/55 early yesterday, EUR rallied in a dramatic manner to take out the stop-loss for our bearish EUR view at 1.1150 (overnight high of 1.1275/80).”
“The 325 point range yesterday was the largest single day range since 18th of March (FOMC meeting).”
“The outlook for the next 1 to 2 weeks is very mixed and we expect further volatile trading. In other words, we hold a neutral view now and expect this pair trade roughly between 1.0915 and 1.1350.”
(Market News Provided by FXstreet)