In opinion of FX Strategists at UOB Group, EUR/USD is seen under pressure while below the 1.1980 level in the next weeks. Key Quotes 24-hour view: “Yesterday, we were of the view that the rebound in EUR ‘has room to extend but any advance is likely limited to a test of 1.1940’. While EUR advanced as expected, it did not quite test 1.1940 (high has been 1.1929). The bias still appears to be titled to the upside but while a break of 1.1940 would not be surprising, the strong resistance at 1.1980 is unlikely to come into the picture. Support is at 1.1900 followed by 1.1875.” Next 1-3 weeks: “We have held a negative view in EUR since the start of the month. In our latest narrative from yesterday (09 Mar, spot at 1.1850), we highlighted that ‘we continue to expect EUR to move lower to 1.1800’. EUR subsequently dropped to 1.1834 before staging a robust rebound. Shorter-term momentum is beginning to wane but the overall negative phase is intact unless there is a break of 1.1980 (no change in ‘strong resistance’ level). In view of the oversold conditions, EUR could not afford to dither or the odds for a move to 1.1800 would diminish quickly.” 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 BOJ eyes weaker yen impact on firms, households – MNI FX Street 1 year In opinion of FX Strategists at UOB Group, EUR/USD is seen under pressure while below the 1.1980 level in the next weeks. Key Quotes 24-hour view: "Yesterday, we were of the view that the rebound in EUR 'has room to extend but any advance is likely limited to a test of 1.1940'. While EUR advanced as expected, it did not quite test 1.1940 (high has been 1.1929). The bias still appears to be titled to the upside but while a break of 1.1940 would not be surprising, the strong resistance at 1.1980 is unlikely to come into the picture. Support… 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.