Select Language

EUR/USD has a chance to pull back further toward 1.0725 - UOB Group

Breaking news

EUR/USD has a chance to pull back further toward 1.0725 - UOB Group

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.03.26 17:19
EUR/USD has a chance to pull back further toward 1.0725 - UOB Group

update 2025.03.26 17:19

Euro (EUR) is likely to trade in a 1.0765/1.0820 range. In the longer run, EUR could pull back further; it does not appear to have enough momentum to break clearly below 1.0725, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR is likely to trade in a 1.0765/1.0820 range

24-HOUR VIEW: "Yesterday, EUR traded within a 1.0774/1.0830 range, closing largely unchanged (-0.08%) at 1.0791. While the price action is likely part of a consolidation phase, the soft underlying tone suggests EUR is likely to trade in a lower range of 1.0765/1.0820 range today."

1-3 WEEKS VIEW: "While the current pullback from last week's high of 1.0954 has not stabilised, downward momentum is not strong. However, as long as EUR remains below 1.0860, EUR could pull back further toward 1.0725. Currently, it does not appear to have enough momentum to break clearly below this support level."


Date

Created

 : 2025.03.26

Update

Last updated

 : 2025.03.26

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

GBP/USD extends the rally to near 1.3350 on softer US Dollar

The GBP/USD pair extends its upside to near 1.3350 during the early Asian session on Monday.
New
update2025.04.21 10:24

PBOC sets USD/CNY reference rate at 7.2055 vs. 7.2069 previous

On Monday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2055 as compared to Friday's fix of 7.2069.
New
update2025.04.21 10:15

NZD/USD holds gains above 0.5950 as PBoC maintains interest rates

NZD/USD continues its winning streak that began on April 9, trading near 0.5970 during Monday's Asian session. The New Zealand Dollar (NZD) is buoyed by a weaker US Dollar (USD), which is under pressure due to mounting concerns over the US economic fallout from US tariffs.
New
update2025.04.21 10:13

PBOC leaves Loan Prime Rates unchanged in April

The People's Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.10% and 3.60%, respectively. 
New
update2025.04.21 10:05

EUR/USD advances to 1.1485 region, fresh high since February 2022 amid bearish USD

The EUR/USD pair breaks out through a multi-day-old trading range and touches a fresh high since February 2022, around the 1.1485 area during the Asian session on Monday.
New
update2025.04.21 09:46

Gold Price Forecast: XAU/USD climbs to near $3,350 on uncertainty about Trump's tariff policies

The Gold Price (XAU/USD) drifts higher to near $3,350 during the early Asian session on Monday after facing some profit-taking due to the long weekend. Uncertainty about US President Donald Trump's tariff policies and persistent geopolitical tensions continue to underpin the precious metal. 
New
update2025.04.21 09:14

AUD/USD edges higher above 0.6350 ahead of PBoC rate decision

The AUD/USD pair trades in positive territory around 0.6380 during the Asian session on Monday, bolstered by the weaker US Dollar (USD). Traders await the developments surrounding the United States and China trade discussions, while tensions between the two largest economies are intensifying.
New
update2025.04.21 08:09

Gold ends week higher despite Powell's pushback, trade uncertainty lingers

 Gold prices are set to end the week on a positive note, up by over 2.79% as the precious metal enjoyed a $90 US Dollar rally due to the latter weakness sponsored by uncertainty about global trade. At the time of writing, XAU/USD trades at $3,326.
update2025.04.19 00:46

EUR/USD climbs as US Dollar weakens on trade tensions

The Euro advances against the US Dollar in muted trading, as financial markets are closed on Good Friday. At the time of writing, the EUR/USD trades at 1.1385, up 0.21%, lacking the strength to break the elusive 1.14 mark.
update2025.04.18 23:50

Silver price today: Silver broadly unchanged, according to FXStreet data

Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data.
update2025.04.18 18:30

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel