FBS Holdings: euro may decline to $1.30
Currency strategists at UniCredit claim that the pair EUR/USD seems to be oversold. The specialists expect the pair to trade in range between 1.3080 and 1.3130, though they note that there are significant chances of a decline to 1.30.
According to UniCredit, if US consumer confidence data due at 1500 GMT turn out to be strong, the greenback’s likely to have further gains.
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FBS Holdings Inc. is an international brokerage company that provides its clients with access to world financial markets – forex, CFD, futures.