FX Strategists at UOB Group noted EUR/USD could now attempt a move to 1.2115 in the next weeks. Key Quotes 24-hour view: “We did not anticipate the sudden surge in EUR that blew past the solid resistance zone between 1.2000 and 1.2010 (high of 1.2048). Upward momentum remains strong and EUR could advance further towards 1.2065. For today, the next resistance at 1.2115 is unlikely to come into the picture. Support is at 1.2015 followed by 1.1995.” Next 1-3 weeks: “We have held a positive outlook in EUR for two weeks. As the advance in EUR struggled to break 1.2000, we highlighted yesterday (19 Apr, spot at 1.1970) that ‘unless EUR breaks clearly above 1.2000/1.2010 within these couple of days, the chance for further EUR strength would diminish quickly’. EUR subsequently cracked 1.2000/1.2010 and surged to 1.2048. Upward momentum has been boosted and the next level to focus on is at 1.2115. That said, there is a rather strong resistance level at 1.2065. The current positive phase in EUR is deemed intact as long as it does not move below 1.1965 (‘strong support’ level was at 1.1915 yesterday).” 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next Gold Futures: Correction likely near-term FX Street 6 months FX Strategists at UOB Group noted EUR/USD could now attempt a move to 1.2115 in the next weeks. Key Quotes 24-hour view: "We did not anticipate the sudden surge in EUR that blew past the solid resistance zone between 1.2000 and 1.2010 (high of 1.2048). Upward momentum remains strong and EUR could advance further towards 1.2065. For today, the next resistance at 1.2115 is unlikely to come into the picture. Support is at 1.2015 followed by 1.1995." Next 1-3 weeks: "We have held a positive outlook in EUR for two weeks. As the advance in EUR struggled to break 1.2000,… Top 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.
