The price procedure did not result in any increase in the declining or upward momentum; EURO (EUR) is likely to trade between 1.1290 and 1.1390 against the US dollar (USD). In the longer term, current price movements are likely to be part of the monotheism between 1.1225 and 1.1410, Quek Ser Leang and Peter Chia Note in UOB Group.
Current price movements are likely to be part of the monotheism stage
24 -hour width: “We noticed yesterday that EUR” is under a slight downward pressure. “We expected it to be less, most likely that any decrease is limited to a 1.1280 test. It ranges between 1.1290 and 1.1390.”
1-3 Weeks: “Many have not changed since our update yesterday (May 06, Al-Baqa at 1.1310).
Source: https://www.fxstreet.com/news/eur-usd-likely-to-trade-between-11290-and-11390-uob-group-2025070832