EUR/USD: Still scope for a move above 1.1500 – UOB By pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We expected EUR to ‘trade sideways between 1.1390 and 1.1445’ yesterday. Our view for consolidation was not wrong even though EUR traded within a narrower range than expected . The consolidation over the past few days appears to be drawing to a close and the upside risk is greater. A clear break of 1.1455 could lead to a quick rise to the major resistance at 1.1485. That said, if EUR breaks the support at 1.1390, it could trigger a drop to 1.1360.
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