FX Strategists at UOB Group noted the upside momentum in EUR/USD could extends the mid-1.1900s in the next weeks. Key Quotes 24-hour view: “EUR dipped to 1.1865 last Friday before rebounding to close slightly lower at 1.1896 (-0.13%). The rebound has room to test the resistance at 1.1925 but the major resistance at 1.1945 is likely out of reach. Support is at 1.1880 followed by 1.1860.” Next 1-3 weeks: “We have held a positive view in EUR since early last week. In our latest narrative from last Wednesday (07 Apr, spot at 1.1875), we highlighted that the ‘rebound in EUR could extend further’ and ‘the next major resistance is at 1.1945’. Since then, EUR has not been able to make much headway on the upside. Upward momentum has waned but there is still chance for EUR to move higher to 1.1945. Only a breach of 1.1830 (‘strong support’ level previously at 1.1770) would indicate that the upside risk has dissipated.” 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 GBP/USD: A break below 1.3670 is not ruled out – UOB FX Street 2 years FX Strategists at UOB Group noted the upside momentum in EUR/USD could extends the mid-1.1900s in the next weeks. Key Quotes 24-hour view: "EUR dipped to 1.1865 last Friday before rebounding to close slightly lower at 1.1896 (-0.13%). The rebound has room to test the resistance at 1.1925 but the major resistance at 1.1945 is likely out of reach. Support is at 1.1880 followed by 1.1860." Next 1-3 weeks: "We have held a positive view in EUR since early last week. In our latest narrative from last Wednesday (07 Apr, spot at 1.1875), we highlighted that the 'rebound in EUR… 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.
