According to FX Strategists at UOB Group, the pair’s stance looks constructive in the short-term horizon. Key Quotes 24-hour view: “While we expected a higher EUR last Friday, the rapid surge that took out the 1.1750 resistance was not exactly anticipated (high of 1.1767). While upward momentum has improved considerably, EUR does not appear to be ready to tackle the major 1.1790 resistance just yet (minor resistance is at 1.1770). Support is at 1.1720 but the stronger level is closer to 1.1695″. Next 1-3 weeks: “We highlighted last Friday (06 Jul, spot at 1.1690) that the “undertone for EUR has improved further” and there is “scope for a move to 1.1750 within the next few days”. EUR subsequently took out 1.1750 with ease and the strong and rapid up-move suggests that further EUR strength is likely in the coming days. While we are not ready to adopt a bullish stance just yet, a clear break of 1.1790 could lead to a rapid rise to last month’s top near 1.1850. The 1.1850 level is acting as a major resistance and is unlikely to yield so easily. All in, we expect EUR to stay supported from here unless there is break below the ‘key support’ at 1.1665″. 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/CAD weakens farther below 1.31 mark, drops to near one-month low FX Street 4 years According to FX Strategists at UOB Group, the pair's stance looks constructive in the short-term horizon. Key Quotes 24-hour view: "While we expected a higher EUR last Friday, the rapid surge that took out the 1.1750 resistance was not exactly anticipated (high of 1.1767). While upward momentum has improved considerably, EUR does not appear to be ready to tackle the major 1.1790 resistance just yet (minor resistance is at 1.1770). Support is at 1.1720 but the stronger level is closer to 1.1695". Next 1-3 weeks: "We highlighted last Friday (06 Jul, spot at 1.1690) that the "undertone for EUR has… 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.