FX Strategists at UOB Group see the upside momentum in the EUR/USD gathering further traction in the next weeks. Key Quotes 24-hour view: “We highlighted yesterday that ‘upward momentum has improved slightly but while EUR could advance further, a clear break of the major resistance at 1.1945 is unlikely’. We added, ‘a breach of 1.1875 would indicate that the current upward pressure has eased’. EUR subsequently dropped to 1.1877 during early NY hours before blasting higher to 1.1955. Upward momentum is strong and EUR could strengthen further. However, overbought conditions suggest that a sustained rise above 1.1985 is unlikely (next resistance is at 1.2010). Support is at 1.1930 followed by 1.1905.” Next 1-3 weeks: “We highlighted yesterday that ‘upward momentum has improved slightly but while EUR could advance further, a clear break of the major resistance at 1.1945 is unlikely’. We added, ‘a breach of 1.1875 would indicate that the current upward pressure has eased’. EUR subsequently dropped to 1.1877 during early NY hours before blasting higher to 1.1955. Upward momentum is strong and EUR could strengthen further. However, overbought conditions suggest that a sustained rise above 1.1985 is unlikely (next resistance is at 1.2010). Support is at 1.1930 followed by 1.1905.” 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 Iron-ore looks promising in coming months – Goldman Sachs FX Street 2 years FX Strategists at UOB Group see the upside momentum in the EUR/USD gathering further traction in the next weeks. Key Quotes 24-hour view: "We highlighted yesterday that 'upward momentum has improved slightly but while EUR could advance further, a clear break of the major resistance at 1.1945 is unlikely'. We added, 'a breach of 1.1875 would indicate that the current upward pressure has eased'. EUR subsequently dropped to 1.1877 during early NY hours before blasting higher to 1.1955. Upward momentum is strong and EUR could strengthen further. However, overbought conditions suggest that a sustained rise above 1.1985 is unlikely (next… 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.
