EUR/USD: Further gains could retest 1.0785 near term – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We expected EUR to ‘trade between 1.0700 and 1.0760’ yesterday. However, EUR edged to a high of 1.0776 before closing at 1.0755 . Upward momentum has improved a tad and EUR is likely to trade with an upward bias. That said, it remains to be seen if EUR can maintain a foothold above the major resistance at 1.0785 . Support is at 1.0735, followed by 1.0700.”
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