EUR/USD: Risks now shifts to the upside – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We highlighted yesterday that ‘Further EUR strength is not ruled out but the major resistance at 1.0500 is unlikely to come into view today’. The anticipated advance exceeded our expectations as EUR surged to a high of 1.0533. While EUR could continue to advance and break the major resistance at 1.0550, the next resistance at 1.0620 is likely out of reach today. Support is at 1.0490, followed by 1.0460.
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