EUR/USD analysis from UOB.

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The research team at UOB Group provided their outlook on EUR/USD yesterday.

“EUR is holding on to its recent gains and at this stage, it is still unclear if it can move higher in a sustained manner in the days ahead. A close above 1.1400 is not crucial anymore as short-term momentum has eased off considerably. Overall, we view the outlook for EUR as positive with solid support at 1.1330 with the 1.1495 October 2015 acting as a key resistance” written in the report.

EUR/USD was trading at 1.1344 as of 4:30 AM EDT, which represents a 0.33% decline from the previous close.

Forex Forecast

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