UBS anticipates an evolution in the range of EUR/USD on the Forex for the time being.
«The Dollar appears to be running out of breath generally on the Forex, and with that, EUR/USD is to rise and does not drop below 1.1760/70.
1.1800/10 was a strong resistance earlier in the week and still remains closed.
Overall, the market seems to be trying to engage in purchases of USD, but the weakness of EUR, on the other hand seems to be stretched since the election of German – we look forward to an evolution in range for the moment.
The month-end closing can add more uncertainty today. «