According to FX Strategists at UOB Group, EUR/USD now faces the next hurdle at 1.2360 ahead of 1.2400. Key Quotes 24-hour view: “We highlighted yesterday that EUR ‘appears poised to move above 1.2309 but it is left to be seen if it can move clearly above 1.2330’. EUR subsequently rose to 1.2349, plummeted to 1.2264 during NY hours before rebounding strongly to close at 1.2325 (+0.25%). Upward momentum is building up and EUR is expected to head higher towards 1.2360. A move above this level is not ruled but the next resistance at 1.2400 is likely out of reach for now. Support is at 1.2300 followed by 1.2270. The latter level is acting as a solid support now.” Next 1-3 weeks: “Yesterday (06 Jan, spot at 1.2295), we indicated that ‘prospect for a sustained move above 1.2309 has increased’ and ‘a clear break of 1.2309 would shift the focus to 1.2330 followed by 1.2360’. EUR rose to 1.2349 before closing on a firm note at 1.2325 (+0.25%). The 1.2360 level appears to be within reach and the next resistance above this level is at 1.2400. The current positive outlook for EUR is deemed as intact as long as it does not move below 1.2240 (‘strong support’ level previously at 1.2200).” 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 USD/CHF Price Analysis: Picks up bids around 0.8800 FX Street 1 year According to FX Strategists at UOB Group, EUR/USD now faces the next hurdle at 1.2360 ahead of 1.2400. Key Quotes 24-hour view: “We highlighted yesterday that EUR ‘appears poised to move above 1.2309 but it is left to be seen if it can move clearly above 1.2330’. EUR subsequently rose to 1.2349, plummeted to 1.2264 during NY hours before rebounding strongly to close at 1.2325 (+0.25%). Upward momentum is building up and EUR is expected to head higher towards 1.2360. A move above this level is not ruled but the next resistance at 1.2400 is likely out of reach for… 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.