Flash: EUR/USD, expect consolidation between 1.3845 and 1.3915 - UOB

FXStreet (Bali) - According to the Market Strategy Team at UOB Group, EUR/USD should still find good bids on dips, keeping the rate on a range mode between 1.3845 and 1.3915.

Key Quotes

"EUR dropped quickly from the high of 1.3915 on the back of better than expected US non-farm payroll data. Despite the down-move, the undertone is still positive but a resumption of the recent rally is likely only at a later stage. For today, expect sideway consolidation between 1.3845 and 1.3915."