FX Strategists at UOB Group remain neutral on the pair and note there is still room for another test of 1.1790. Key Quotes 24-hour view: “Expectation for sideway trading yesterday was wrong as EUR dropped to a low of 1.1688 before rebounding. Despite the recovery, the underlying tone remains on the soft side and a retest of the strong 1.1680/90 support zone seems likely. From here, the prospect for a sustained decline below this support zone is not high (next support is at 1.1650). On the upside, only a move back above 1.1760 would indicate that the current soft patch in EUR has stabilized (the next level at 1.1790 is a major resistance and is unlikely to come into the picture for today)”. Next 1-3 weeks: “After failing to break above the strong 1.1790 resistance on Monday, EUR dipped to a low of 1.1688 yesterday, not far from our ‘key support’ at 1.1680. As highlighted yesterday, a break of 1.1680 would indicate that EUR has made a temporary top at 1.1790. Until then, EUR could still stage another attempt to break above 1.1790 but this has to happen within these 1 to 2 days as a prolonged consolidation around these levels would lead to a rapid loss in upward momentum. Looking ahead, a break of 1.1680 would indicate that EUR has moved into a broad sideway trading range (and not the start of a bearish phase)”. 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 Trump to hold bilateral talks with Macron at NATO today – BBG FX Street 4 years FX Strategists at UOB Group remain neutral on the pair and note there is still room for another test of 1.1790. Key Quotes 24-hour view: "Expectation for sideway trading yesterday was wrong as EUR dropped to a low of 1.1688 before rebounding. Despite the recovery, the underlying tone remains on the soft side and a retest of the strong 1.1680/90 support zone seems likely. From here, the prospect for a sustained decline below this support zone is not high (next support is at 1.1650). On the upside, only a move back above 1.1760 would indicate that the current soft patch… 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.