EUR/USD Door Open for a Test of 1.1495 – UOB
The research team at UOB Group hinted a the possibility of a test of the 1.1500 neighbourhood in the near term.
Key Quotes
“There is not much to add as EUR tested the 1.1330 support before rebounding quickly”.
“The
undertone is positive but momentum is patchy at best and it is unclear
at this stage whether EUR strength could surmount the major 1.1495
resistance (1.1435/40 is already a strong short-term level)”.
“That said, only a clear break below 1.1325/50 would indicate that the immediate upward pressure has eased”.
(Market News Provided by FXstreet)
