EUR/USD: Diminishing bets for a breakdown of 1.0340 – UOB

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EUR/USD: Diminishing bets for a breakdown of 1.0340 – UOB
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EUR/USD: Diminishing bets for a breakdown of 1.0340 – UOB By pabspiovano EURUSD Currencies Majors Banks

24-hour view: “EUR traded between 1.0387 and 1.0442 before settling at 1.0431 . Upward pressure appears to be building and USD is likely to edge higher from here. That said, any advance is unlikely to break the strong resistance at 1.0490 . On the downside, a breach of 1.0390 would indicate that the upward pressure has eased.”

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