EUR/USD: Test of 1.10 is less likely — UOB

FXStreet — A potential Test of the mid-1,10 has become, according to the UOB Group analysts are now less likely.

Important Quotes

«Contrary to our expectation, the Euro pulled back under 1,0950 resistance remained unaffected (High in 1,0936). Due to the lack of dynamism, a decline in the 1,0850 seems to be possible. At this point, next support at 1,0810) is not, however, expect a sustained movement including (.»

«The Euro yesterday traded in a narrow Range of less than 50 Pips (between 1,0886 and 1,0933). While our Outlook is more bullish (since last Wednesday), we see a rapidly decreasing upward momentum. As yesterday noted, the Euro must rise this week to over 1,1000, or the risk of a between high.»

** FXStreet News Editorial, FXStreet**

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