Euro (EUR) will probably trade up with prejudices up; A clear break above 1.0405 seems unlikely. The perspectives remain unclear in the long run; Price movements will probably remain in the range 1.0250/1.0450 for now FX Group Quek Serand and Peter Chia analysts.

Clear breaks above 1.0405 seems unlikely

24-hour view: “Yesterday we expected EUR” drifting lower “. However, instead of drifting, EUR increased rapidly, reaching the highest level in the trade. Above 1.0405 (low resistance is 1,0385).

1-3 weeks view: “There is not much to add to our update from yesterday (February 11, place at 1.0305). As emphasized, “the perspective remains unclear, but price movements will probably remain in a narrower 1.0250/1.0450 for now range.”