UOB outlook on EUR/USD.

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UOB Group provided their outlook on EUR/USD on March 21. “The bullish EUR phase that started on 11 Mar is still intact even though we are faced with strong resistance at 1.1375” said in the report. According to the analysts, only a break above 1.1375 would move the rate up to 1.1495 levels.

As of 4:50 PM EDT the pair was trading at 1.1245, which represents a 0.20% decline from the previous close.

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