EUR/USD neutral near-term – UOB

By FXStreet FXStreet (Edinburgh) – FX Strategist at UOB Group Peter Chia sees the outlook on the pair being neutral in the short-term.

Key Quotes

“We are on the lookout for a higher EUR/USD due to the strong move overnight”.

“The pair could be in the early stages of a corrective rebound which has scope to extend higher to test the late Dec’s high of 1.0990/95”.

“This is a strong resistance and only a break above this level would indicate the start of bullish phase towards 1.1055/60 and beyond. For now, we are neutral”.
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Source:: FX Street