A large gathering looks excessive; Instead of continuing to rise, the euro (EUR) is likely to stop stopping and trading in a range of 1.0950/1.1150 against the US dollar (USD). In the longer term, the upward risks are intact; It remains to see whether EUR can break the weekly resistance area of 1.1215/1.1230, Quek Ser Leang and PEER Chia Note at UOB Group.
EUR can target the weekly weekend area of 1.1215/1.1230
A 24 -hour display: “After EUR traded in a volatile way the day before and yesterday, we highlighted that” expectations are unclear “and we have seen the opinion that the US dollar” could continue to trade in a volatile way, and perhaps between 1.0810 and 1.0955. “We did not expect to increase the increase in the euro that led to a daily profit by 1.80 % (1.1050), and the largest height for one day since November 2022. The huge gathering seems excessive and instead of continuing to rise, EUR is more likely and trades in the 1.0950/1.1150 range.”
1-3 weeks show: “We highlighted yesterday, April 03, when Euro was at 1.0890 that“ bias in euro is in the upward trend. ”We also highlighted that“ 1.0955/1.0985 region is expected to provide solid resistance. ”However, EUR has never exceeded the resistance area, but also rose to 1.1144.
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