UOB Group’s FX Strategists keep the bullish view on EUR/USD in the near-term. Key Quotes 24-hour view: “Our expectation for EUR to ‘edge lower’ did not materialize as it traded between 1.2240 and 1.2306 before settling at 1.2294 (+0.38%). Upward momentum is beginning to improve and EUR appears poised to move above the 1.2309 peak seen earlier this week. That said, 1.2330 is another strong level and it is left to be seen if EUR can move clearly above this level. Support is at 1.2275 but only a break of 1.2250 would indicate the current upward pressure has eased.” Next 1-3 weeks: “On Monday (04 Jan, spot at 1.2235), we highlighted that ‘odds for further EUR strength would diminish quickly unless EUR surges above 1.2309 and stays above this level within these few days’. EUR hovered below 1.2309 the past couple of days but shorter-term momentum is beginning to improve. A clear break of 1.2309 would shift the focus to 1.2330 followed by 1.2360. All in, the prospect for a sustained move above 1.2309 has increased but EUR has to stay above 1.2200 (‘strong support’ level previously at 1.2170).” 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 Gold Price Analysis: XAU/USD trades with modest losses, around $1945 region FX Street 1 year UOB Group’s FX Strategists keep the bullish view on EUR/USD in the near-term. Key Quotes 24-hour view: “Our expectation for EUR to ‘edge lower’ did not materialize as it traded between 1.2240 and 1.2306 before settling at 1.2294 (+0.38%). Upward momentum is beginning to improve and EUR appears poised to move above the 1.2309 peak seen earlier this week. That said, 1.2330 is another strong level and it is left to be seen if EUR can move clearly above this level. Support is at 1.2275 but only a break of 1.2250 would indicate the current upward pressure has eased.” 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.