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EUR/USD: To Trade in a Range Between 1.0845 and 1.0945 – UOB Group
The Euro (EUR) strength has ended; for the time being, it is likely to trade in a range between 1.0845 and 1.0945, UOB Group FX strategists Quek Ser Leang and Peter Chia note.
Germany's Chemical Sector Sees Faltering Business Climate in June, Ifo Data Shows
The business climate in Germany's chemical industry worsened in June after four straight months of growth due to a decline in order backlog and demand for chemicals, the ifo Institute said Monday.
EUR/USD: Εuro Remains Just Below 1.0900 on a Very Poor Agenda
The single European currency is trading just below the 1.09 level in the early hours of the new week in a narrow range as today's very poor agenda is likely to limit investors from taking big bets.
Forex Today: Mixed Opening to Week as Markets Assess US Political Developments
The US Dollar (USD) struggles to find demand at the beginning of the week, while US stock index futures trade in positive territory. Federal Reserve Bank of Chicago's National Activity Index for June will be the only data featured in the US economic calendar on Monday. Meanwhile, investors will keep a close eye on political developments in the US after President Joe Biden announced on Sunday that he is withdrawing from the 2024 Presidential election.
EUR/USD Price Analysis: The First Upside Barrier Emerges Near 1.0900
The EUR/USD pair trades with mild gains near 1.0885 during the early European session on Monday.
EUR/USD Remains Supported for More Upsides Above 1.0880
Looking at the 4-hour chart, the pair tested the 1.0950 level, and settled above the 100 simple moving average (red, 4-hour) and the 200 simple moving average (green, 4-hour).