EUR/USD Bullish Above 1.1400 – UOB

EUR/USD Bullish Above 1.1400 – UOB

4 April 2016, 09:45
Roberto Jacobs
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EUR/USD Bullish Above 1.1400 – UOB

According to the research team at UOB Group, EUR/USD needs to close above 1.14 to allow further gains.

Key Quotes

We are holding on to the view that only a daily close above 1.1400 would indicate that the start of a sustained up-move towards and beyond last October’s high of 1.1495”.

“In the meanwhile, this pair is expected to remain underpinned with support at 1.1330 but only a break back below 1.1270 would indicate that a short-term top is in place”.

(Market News Provided by FXstreet)

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