FX Strategists at UOB Group highlighted the upbeat mood in EUR/USD and noted it could visit 1.1330 and 1.1370 in the next weeks. Key Quotes 24-hour view: “Our view that a ‘short-term top is in place’ was wrong as EUR not only broke above Tuesday’s peak of 1.1212 but also the late December top of 1.1239 (overnight high of 1.1244). While the rally is overbought, solid momentum could continue to carry EUR higher from here. That said, 1.1285 is a major level and is expected to offer solid resistance. Support is at 1.1185 but only a breach of 1.1155 would indicate that the current upward pressure has eased.” Next 1-3 weeks: “We highlighted yesterday (05 Mar, spot at 1.1135) that ‘there is no change to our view even though shorter-term momentum is beginning to wane and unless EUR can move and stay above 1.1190 within these 1 to 2 days, the odds for a move to 1.1239 would diminish quickly’. EUR not only moved above 1.1190 but managed to crack 1.1239 as well (overnight high of 1.1244). Upward momentum is given a strong boost and from here, the next level to focus at is 1.1330 followed by 1.1370. On the downside, the ‘strong support’ has moved higher to 1.1100 from yesterday’s level of 1.1050.” 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 EUR/USD: Euro’s rallying FX Street 3 years FX Strategists at UOB Group highlighted the upbeat mood in EUR/USD and noted it could visit 1.1330 and 1.1370 in the next weeks. Key Quotes 24-hour view: “Our view that a ‘short-term top is in place’ was wrong as EUR not only broke above Tuesday’s peak of 1.1212 but also the late December top of 1.1239 (overnight high of 1.1244). While the rally is overbought, solid momentum could continue to carry EUR higher from here. That said, 1.1285 is a major level and is expected to offer solid resistance. Support is at 1.1185 but only a breach of 1.1155 would… 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.