In view of FX Strategists at UOB Group, spot stays neutral for the time being and it is likely to remain sidelined between 1.1720 and 1.1785. Key Quotes 24-hour view: “We highlighted the improvement in upward momentum yesterday but were of the view that “EUR does not appear to be ready to tackle the 1.1790 resistance”. EUR subsequent touched an overnight high of 1.1790 before easing off quickly. Upward momentum has eased with the rapid pull-back and the risk for a clear break above 1.1790 is not high. From here, EUR has likely moved into a consolidation phase and is expected to trade sideways, likely between 1.1720 and 1.1785″. Next 1-3 week: “We highlighted yesterday that the outlook for EUR is ‘positive’ and were of the view that a “break of 1.1790 could lead to rapid rise to 1.1850″. The 1.1790 resistance was subsequently ‘tested’ but held (high of 1.1790 during NY hours). From here, it is too early to rule out another attempt to crack 1.1790 and only a move back below the ‘key support’ at 1.1680 (level previously at 1.1665) would indicate that a temporary top is in place. That said, as highlighted yesterday, 1.1850 is acting as a major resistance and is unlikely to yield so easily”. 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 ONS: UK monthly GDP growth led by strong services FX Street 4 years In view of FX Strategists at UOB Group, spot stays neutral for the time being and it is likely to remain sidelined between 1.1720 and 1.1785. Key Quotes 24-hour view: "We highlighted the improvement in upward momentum yesterday but were of the view that "EUR does not appear to be ready to tackle the 1.1790 resistance". EUR subsequent touched an overnight high of 1.1790 before easing off quickly. Upward momentum has eased with the rapid pull-back and the risk for a clear break above 1.1790 is not high. From here, EUR has likely moved into a consolidation phase and is… 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.