FXStreet – The UOB Group analysts for the EUR/USD bullish set and the focus is in the next few weeks on a Test of 1.12.
“Yesterday was a bearish has not been formed outer rod, which is for the current bullish Outlook. The course development is to be seen as part of a short-term consolidation phase and not as the beginning of a reversal.”
“However, the upward momentum has suffered and it may take a few days until we to see a rise to 1,1200.”
“An unexpected break below the Stop-Loss of 1,1045 frees the way for a deeper Pullback (probably below 1.1000). In the meantime, those could be the Long, reduce your Position with a movement to 1,1170.”
** FXStreet News Editorial, FXStreet**