Wednesday, October 21, 2015

EUR/USD: neutral outlook for short term - UOB

FXStreet (Guatemala) - Analysts at UOB Group offered a neutral outlook for EUR/USD.

Key Quotes:

"Neutral: Expect sideway trading between 1.1300 and 1.1500. EUR tested the 1.1300 support yesterday with a low of 1.1304.

The down-move is clearly lacking in momentum and does not appear to be part of a sustained down-move. In other words, there is no change to our neutral view wherein we expect this pair to trade in a broad 1.1300/1.1500 for now."
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