EUR/USD remains weak and targets 1.0805 – UOB By pabspiovano EURUSD Currencies Majors Banks
24-hour view: “Yesterday, we highlighted that ‘deeply oversold conditions suggest EUR is unlikely to weaken further’ and we expected EUR to consolidate between 1.0805 and 1.0925. EUR subsequently traded sideways but it popped to a high of 1.0958 during NY session before dropping back down quickly. We continue to view the current price actions as part of a consolidation and expect EUR to trade within a range of 1.0860/1.0965 for today.
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