Trade The World
EUR/USD: Might try to reach 1.1720 – UOB Group
Ni FXStreet Insights Team
Petsa ng Pag-publish: 11 Aug 2025 | Petsa ng Pag-edit: 11 Aug 2025
POPULAR ARTICLES
The current price movements are likely part of a 1.1610/1.1670 range trading phase. In the longer run, Euro (EUR) is likely to trade with an upward bias; it is unclear for now if it can reach 1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The current price movements are likely part of a 1.1610/1.1670 range trading phase. In the longer run, Euro (EUR) is likely to trade with an upward bias; it is unclear for now if it can reach 1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Price movements are likely part of a 1.1610/1.1670 range
24-HOUR VIEW: "EUR rose to a high of 1.1698 last Thursday. On Friday, when EUR was at 1.1665, we indicated that it 'may retest, and potentially edge above 1.1700.' Our expectations did not materialise, as EUR traded in a relatively quiet manner between 1.1628 and 1.1679, before closing at 1.1639 (-0.22%). The current price movements are likely part of a range trading phase, most likely between 1.1610 and 1.1670."
1-3 WEEKS VIEW: "In our latest narrative from last Thursday (07 Aug, spot at 1.1655), we highlighted that EUR 'is likely to trade with an upward bias, but it is unclear for now if it can reach 1.1720.' We will maintain the same view as long as the ‘strong support’ at 1.1585 (no change in ‘strong support’ level) is not breached."
FXStreet
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Read More
