EUR/USD could now challenge the 1.0785 level – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We highlighted yesterday that ‘There is room for the advance in EUR to edge above 1.0685 first before easing’. We added, ‘The next resistance at 1.0715 is not expected to come into view’. However, EUR cracked 1.0715 and rose to 1.0760 before pulling back. In view of the strong momentum, EUR is likely to strengthen further but it might not be able to maintain a foothold above 1.0785. Support is at 1.0700, followed by 1.0665.
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