FX Strategists at UOB Group suggested EUR/USD could extend the upside to the 1.1500 area if manages to clear 1.1400 on a NY closing basis. Key Quotes 24-hour view: “EUR retreated after briefly spiking a high of 1.1492. The rapid rise appears to be running ahead of itself. From here, EUR could continue to trade in a volatile manner and within a broad 1.1300/1.1500 range.” Next 1-3 weeks: “We highlighted last Friday (06 Mar, spot at 1.1225) that ‘upward momentum is given a strong boost’. We added, ‘the next level to focus on is at 1.1330 followed by 1.1370’. EUR subsequently surged to a high of 1.1354 during NY session last Friday before extending its gains this morning. Clearly, momentum has improved by leaps and bounds but from here, there is a strong mid-term hurdle at 1.1400. If EUR were to register a NY closing above 1.1400, it could lead to further rapid rise as there is hardly any resistance level of note until 1.1500 (next resistance is at 1.1640). All in, there is no indication that the current rally is ready to take a breather soon. Only an unlikely breach of 1.1230 (‘strong support’ has shifted markedly higher from Friday’s level of 1.1100) would indicate the current advance has run its course.” 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 Gold Futures: Appear consolidative short-term FX Street 3 years FX Strategists at UOB Group suggested EUR/USD could extend the upside to the 1.1500 area if manages to clear 1.1400 on a NY closing basis. Key Quotes 24-hour view: “EUR retreated after briefly spiking a high of 1.1492. The rapid rise appears to be running ahead of itself. From here, EUR could continue to trade in a volatile manner and within a broad 1.1300/1.1500 range.” Next 1-3 weeks: “We highlighted last Friday (06 Mar, spot at 1.1225) that ‘upward momentum is given a strong boost’. We added, ‘the next level to focus on is at 1.1330 followed by 1.1370’. 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.