Created
: 2025.10.01
2025.10.01 17:42
A clear break above 1.1760 would indicate that Euro (EUR) could trade above last week's low of 1.1645 for a while, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
24-HOUR VIEW: "EUR rose briefly to 1.1754 two days ago and then pulled back. Yesterday, we stated that 'the brief advance did not lead to any significant increase in upward momentum,' and we expected EUR to 'trade in a range of 1.1700/1.1755.' While EUR subsequently traded in a higher range of 1.1711/1.1761, it closed largely unchanged at 1.1733 (+0.07%). The price movements provide no fresh clues, and we continue to expect EUR to trade in a range today, most likely between 1.1710 and 1.1760."
1-3 WEEKS VIEW: "EUR fell to a low of 1.1645 last Thursday. On Friday (26 Sep, spot at 1.1660), we indicated that the 'risk of EUR breaking below 1.1610 has increased.' However, the 1.1610 level did not come into view. Yesterday (30 Sep, spot at 1.1725), we highlighted that 'a clear break above 1.1760 ('strong resistance' level) would indicate that EUR could trade above last week's low of 1.1645 for a while.' EUR subsequently rose to a high of 1.1761, then pulled back to close at 1.1733. As there is no clear break of our 'strong resistance' level at 1.1760, we will maintain our view for now."
Created
: 2025.10.01
Last updated
: 2025.10.01
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.
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].
Disclaimer:
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.
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