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EUR/USD: Range trading expected – UOB Group

EUR/USD is anticipated to trade within a range of 1.1920 to 1.2020 following a sharp pullback. The recent price movements indicate a potential range-trading phase after EUR dropped to a low of 1.1895 and closed at 1.1952, report UOB Group analysts Quek Ser Leang and Lee Sue Ann.

EUR/USD range outlook

"EUR is likely to trade in a range between 1.1920 and 1.2020."

"The current price movements are likely part of a range-trading phase."

"Only a breach of 1.1890 would indicate that the sharp rise from the middle of last week is ready to take a breather."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

AUD/JPY Price Forecast: Keeps bullish vibe near 108.50 amid Japan's fiscal and political challenges

The AUD/JPY cross extends the rally to near 108.50 during the early European session on Thursday. Concerns over fiscal health and political uncertainty in Japan weigh on the Japanese Yen (JPY) against the Australian Dollar (AUD).
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GBP/USD: Upward momentum building – UOB Group

GBP/USD is showing signs of upward momentum, with expectations for a rise to 1.3925. The current price movements are viewed as part of a range-trading phase between 1.3750 and 1.3850.
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