EURUSD H1 Trend Watch !
EUR/USD: Upside could test the 1.1410 level
In assessment of FX Strategists at UOB Group, the potential gain predisposition in EUR/USD could come to the 1.1410 level before long.
Key Quotes
24-hour view: "EUR exchanged sideways somewhere in the range of 1.1301 and 1.1359 yesterday, smaller than our normal scope of 1.1260/1.1380. Further sideway-exchanging shows up logical, expected to be inside a scope of 1.1290/1.1370."
Next 1-3 weeks: "Our update from yesterday (01 Dec, spot at 1.1335) still stands. As featured, EUR is probably going to exchange with a vertical inclination towards 1.1410. At this stage, a supported transcend this level is impossible. On the disadvantage, a break of 1.1240 ('solid help' level was at 1.1220 yesterday) would demonstrate that EUR isn't prepared to head towards 1.1410."
POSSIBLE MARKET MOVES [Technically]
Trade still on our paths chilling for a possible break above !
CHECK CHART FOR BETTER UNDERSTANDING
In assessment of FX Strategists at UOB Group, the potential gain predisposition in EUR/USD could come to the 1.1410 level before long.
Key Quotes
24-hour view: "EUR exchanged sideways somewhere in the range of 1.1301 and 1.1359 yesterday, smaller than our normal scope of 1.1260/1.1380. Further sideway-exchanging shows up logical, expected to be inside a scope of 1.1290/1.1370."
Next 1-3 weeks: "Our update from yesterday (01 Dec, spot at 1.1335) still stands. As featured, EUR is probably going to exchange with a vertical inclination towards 1.1410. At this stage, a supported transcend this level is impossible. On the disadvantage, a break of 1.1240 ('solid help' level was at 1.1220 yesterday) would demonstrate that EUR isn't prepared to head towards 1.1410."
POSSIBLE MARKET MOVES [Technically]
Trade still on our paths chilling for a possible break above !
CHECK CHART FOR BETTER UNDERSTANDING
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