<\/p>\n
The Euro (EUR) is likely to trade sideways between 1.0830 and 1.0870. EUR might also trade with a downward bias; in this case, the 1.0815 level is expected to provide solid support, UOB Group FX analysts Quek Ser Leang and Peter Chia note.<\/p>\n
24-HOUR VIEW: \u201cTwo days ago, we held the view that EUR \u2018could edge lower, but any decline is unlikely to break clearly below 1.0815.\u2019 After EUR dipped to 1.0824 and rebounded, we indicated yesterday that \u2018there is still a chance for EUR to edge lower.\u2019 However, we noted that \u2018any decline is still unlikely to break clearly below 1.015.\u2019 EUR subsequently dipped to 1.0826 and then rebounded, closing largely unchanged at 1.0844 (+0.05%). The price movements are likely part of a sideways trading phase. Today, we expect EUR to trade between 1.0830 and 1.0870.\u201d<\/p>\n
1-3 WEEKS VIEW: \u201cOur update from Wednesday (24 Jul, spot at 1.0850) still stands. As highlighted, downward momentum is building, but not sufficiently enough to suggest a significant decline. EUR is likely to trade with a downward bias, but the 1.0815 level is expected to provide solid support. The downward bias is intact as long as 1.0890 (no change in \u2018strong resistance\u2019 level from yesterday) is not breached. Looking ahead, if EUR breaks clearly below 1.0815, the next level to watch is 1.0760.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Euro (EUR) is likely to trade sideways between 1.0830 and 1.0870. EUR might also trade with a downward bias; in this case, the 1.0815 level is expected to provide solid support, UOB Group FX analysts Quek Ser Leang and Peter Chia note. The next level to watch is 1.0815 24-HOUR VIEW: \u201cTwo days ago, […]<\/p>\n","protected":false},"author":2,"featured_media":6923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,433,255,250,252,247,253,249,308,256,254],"class_list":["post-352612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eurusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=352612"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352612\/revisions"}],"predecessor-version":[{"id":352613,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352612\/revisions\/352613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6923"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=352612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=352612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=352612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}