EUR/USD: Likely to trade between 1.0845 and 1.0910 – UOB Group

FXStreetMar 17, 2025 9:42 AM

View all comments（0）



Price movements in Euro (EUR) vs US Dollar (USD) are likely part of a range trading phase between 1.0845 and 1.0910. In the longer run, more than week-long rally is taking a pause; EUR is likely to consolidate in a 1.0680/1.0950 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

More than week-long rally is taking a pause

24-HOUR VIEW: "Last Thursday, EUR fell to a low of 1.0820. On Friday, we noted a 'mild downward pressure', and we were of the view that EUR 'could edge below 1.0820 but is unlikely to reach 1.0770.' EUR subsequently dipped to 1.0829 before staging a surprising sharp, but brief, rise to 1.0912. EUR closed higher by 0.25% at 1.0879. The price movements are likely part of a range trading phase, probably between 1.0845 and 1.0910."

1-3 WEEKS VIEW: "After holding positive EUR view for more than a week, we revised our outlook to neutral last Friday (14 Mar, spot at 1.0850). We indicated the following: 'The more than week-long rally is taking a pause, and the current price movements are likely part of a consolidation phase. For now, we expect EUR to trade in a 1.0680/1.0950 range. While this range may seem wide, it is not unexpected given the size of the recent rally.' Our update still stands."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Gold Price Forecast: Gold Tumbles Below $3,900 as Trump Says No Need for Iran Deal; Can October PPI Spur a Rebound?

TradingKey - As of the Asian session on Friday (November 13), gold prices (XAUUSD) rebounded intraday following a sharp drop on Thursday, with the latest price trading near $3,910. On Thursday, gold tumbled 2.76% to close at $3,877.41, confirming a breakdown below the $3,900 mark and touching a low of $3,852.27, hitting a fresh nearly one-year low. The decline in gold was primarily driven by renewed Middle East tensions pushing up international oil prices, coupled with persistently elevated U.S. inflationary pressures, which continue to weigh on gold's short-term trajectory.

SpaceX, Tesla Merger Reportedly Could Be Announced as Soon as December, Potentially Ahead of Democrats Taking Control of Congress in January

According to Bloomberg, citing people familiar with the matter, merger talks between SpaceX (SPCX) and Tesla (TSLA) have progressed, with a deal potentially being announced as early as December, though an option to delay the announcement until early 2027 has also been discussed. Boards and advisors from both companies are currently in discussions regarding transaction terms, the combined company's governance structure, and other matters.

Gold Slumps 3% Below $3,900: What Is Causing the Continued Decline in Gold Prices?

On November 12, Eastern Time, spot gold (XAUUSD) dropped more than 3% intraday to $3,864 per ounce, hitting its lowest level since October of last year. Higher-than-expected U.S. inflation data, coupled with successive hawkish signals from Federal Reserve officials, drove the U.S. dollar higher and kept investment demand for gold under sustained pressure.

Cisco Stock Retests $101.60 Ahead of Q1 Results, With AI Orders in Focus

TradingKey - CSCO rose 2.66% to $100.76 and now retests $101.60, the support it lost in early November, as Q1 results after the close put AI orders and margins in focus.

US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?

TradingKey - On Friday (November 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following October's CPI once again exceeding expectations, the market will look to the PPI to further assess whether price pressures on the U.S. production side are spreading, as well as the likelihood of the Federal Reserve raising interest rates by 25 basis points or 50 basis points in December.

Featured Tools