EUR/USD has been testing the game room, the 1,12 – UOB

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.

Important Quotes

“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**

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