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In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, the downward momentum in EUR/USD appears to be dwindling.
24-hour view: We expected EUR to trade in a range of 1.0845/1.0900 yesterday. However, EUR rebounded slightly to a high of 1.0913. The mild advance did not result in any significant increase in momentum. We continue to expect EUR to trade in a range, likely between 1.0870/1.0915.
Next 1-3 weeks: Yesterday (21 Aug, spot at 1.0870), we noted that “downward momentum has increased, albeit just a tad.” We added, “While there is room for EUR to weaken further, the lackluster momentum suggests the pace of any decline is likely to be slow.” EUR rebounded slightly yesterday, and downward momentum is beginning to wane, albeit tentatively. However, only a breach of 1.0930 would indicate that EUR is not ready to head lower to 1.0830.
風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。
