FXStreet – The recent price performance of the EUR/USD suggests that the Pair in the next few weeks on the road in the direction of 1,1200 is, to explain the UOB Group analysts.
“The goal of 1,1140/45 yesterday exceeded, because the Euro was High at 1,1162 with the late American trade (1,1170 after the NY closing). The strong trend movement shifted the focus to Expanding in the direction of 1,1200, which will not be so easy to overcome (next resistance at 1,1235).”
“The Change in our Outlook to bullish came in yesterday just in time, as the Euro accelerated its upward movement. A break above the 1,1200 the 1,1300 in the focus. The Stop Loss will be shifted from 1.1000 to 1,1045.”
** FXStreet News Editorial, FXStreet**