EUR/USD Keeps the Bullish Stance – UOB
According to analysts at UOB Group, the pair’s perspective is still biased toward the bullish side in the next 1-3 weeks.
Key Quotes
“While
the stop-loss for our bullish view at 1.1400 is intact, upward momentum
continues to deteriorate and the risk of a short-term top will continue
to increase unless EUR can move and stay above 1.1550 within these few days”.
“To put it another way, EUR has to move higher soon as prolonged consolidation will lead to further loss in momentum”.
