FXStreet – The UOB Group team of Analysts is that the prospects of the EUR/USD from neutral to bullish move if it is to be a daily closing price over 1,1300.
“Our recent expectations of a deeper Pullback to the 1,1025 were wrong, because the EUR yesterday, the strong resistance of 1,1190 break through.”
“While the Outlook is still neutral, has led the strong upward movement of the last two days to improve the mood.”
“This means that the EUR requires a NY close above 1,1300 to be in a bullish Phase. This scenario would not be a Surprise, as long as the short-term support of 1,1160 is intact.”
** FXStreet News Editorial, FXStreet**