FXStreet — The perspective for the EUR/USD remains bullish, so the market analysts of the Japanese UOB Group. There game room was still up, the scientists said.
The increased losses were part of a phase of consolidation and not reversal to signal the Start of a trend.
The upward momentum has abated somewhat and so it might take a few days, until the next movement starts to pulse in the direction of 1,1200.
The Start of a deeper pullback, however, would Loss only an unexpected decline below our Stop at 1,1045 signal. Profit-taking should be considered, and the rate for tips on 1,1170 into consideration.
** FXStreet News Editorial, FXStreet**