FX Strategists at UOB Group believe EUR/USD could attempt a test of the area above the 1.1800 barrier. Key Quotes 24-hour view: “Our expectation for EUR to ‘test the next resistance at 1.1775’ was wrong as it dropped to a low of 1.1683 before rebounding quickly. The choppy price actions have resulted in a mixed outlook. That said, the underlying tone still appears to be a tad positive and this would likely translate into a higher trading range of 1.1690/1.1765.” Next 1-3 weeks: “The break of our ‘strong resistance’ level at 1.1720 yesterday (high of 1.1745) indicates that the negative phase in EUR that started about 2 weeks ago has run its course. In other words, last Friday’s (25 Sep) low of 1.1611 was the extent of the EUR weak phase (in our latest narrative, we held the view that EUR could dip below 1.1600 but 1.1565 is expected to offer formidable support). The current movement is viewed as the early stages of consolidation even though the improved shorter-term momentum suggests that EUR is likely to probe the top of the expected consolidation range of 1.1630/1.1830 first. At this stage, the prospect for a sustained advance above 1.1830 is not high.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI stays above $40.00 amid US dollar weakness, risk-on mood FX Street 2 years FX Strategists at UOB Group believe EUR/USD could attempt a test of the area above the 1.1800 barrier. Key Quotes 24-hour view: “Our expectation for EUR to ‘test the next resistance at 1.1775’ was wrong as it dropped to a low of 1.1683 before rebounding quickly. The choppy price actions have resulted in a mixed outlook. That said, the underlying tone still appears to be a tad positive and this would likely translate into a higher trading range of 1.1690/1.1765.” Next 1-3 weeks: “The break of our ‘strong resistance’ level at 1.1720 yesterday (high of 1.1745) indicates that the negative… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.