FXStreet – The currency pair should in the short term, within the sideways range between 112,50/114,20 record, declared the FX strategists of the Japanese UOB Group.
The Greenback staged a strong recovery and reached a High of 113,85. The next resistance now lies at 113,95/00. While the upward momentum is not very strong, can not be excluded in this Phase, a further increase in the direction of 113,95/00. A sustained jump of this brand but will not be expected.
We changed our perspective for the USD yesterday on neutral and there is today, on this view, no change. The current movement is part of a consolidation phase, and the USD is likely to move sideways between 112,50 and 114,20.
** FXStreet News Editorial, FXStreet**