United Overseas Bank’s analysis team suggest that the immediate risk is on the upside but it is too soon to expect a sustained rise in EUR. Key Quotes “We highlighted strong resistance levels at 1.1410 & 1.1440 & expected EUR to ‘struggle’ to break above 1.1440. After trading in a muted manner for several days, EUR finally stirred to life as it rose to a 3-week high of 1.1402 during late-NY hours.” “Upward momentum has perked up and the risk is still clearly on the upside. That said, 1.1440 continues to loom as a solid resistance & in order for EUR to break this level, it could not afford to ‘dither’.” “In other words, the price action within these few days is crucial in determining whether EUR can move above 1.1440. Odds for a move above 1.1440 appear to be slightly more than even.” “Looking ahead, a ‘clean’ break of this level would suggest that EUR is ready to tackle last month’s top at 1.1515. EUR is expected to stay underpinned until there is a break of ‘key sup’ at 1.1310.” 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 Canada: Industrial Product Price Index (IPPI) declined 0.3% in January FX Street 4 years United Overseas Bank's analysis team suggest that the immediate risk is on the upside but it is too soon to expect a sustained rise in EUR. Key Quotes "We highlighted strong resistance levels at 1.1410 & 1.1440 & expected EUR to 'struggle' to break above 1.1440. After trading in a muted manner for several days, EUR finally stirred to life as it rose to a 3-week high of 1.1402 during late-NY hours." "Upward momentum has perked up and the risk is still clearly on the upside. That said, 1.1440 continues to loom as a solid resistance & in order for… 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.
