EUR/USD: rangebound likely near-term – UOB

FXStreet (Edinburgh) - The research team at UOB Group has suggested EUR/USD could extend its consolidative scheme in the next sessions.

Key Quotes

“We moved to a neutral stance last Friday and since then EUR has been trading mostly sideways (roughly holding between 1.0800 and 1.0970)”.

“Most indicators remain neutral and at this stage, we continue to expect the current range trading to persist, at least until the early part of next week”.