EUR/USD could extend the advance to 1.1395 – UOB By pabspiovano EURUSD Banks Currencies Majors
24-hour view: “We highlighted yesterday that the outlook is mixed and we expected EUR to ‘trade in a choppy manner between 1.1295 and 1.1365’. EUR subsequently dropped to 1.1311 but the decline was short-lived as it soared quickly to a high of 1.1374 during NY session. The rapid advance has gathered momentum but while EUR could move above 1.1395, it is left to be seen if it can maintain a foothold above this major resistance level .
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