EUR/USD constructive near-term – UOB

The outlook for the pair in the next 1-3 weeks remains constructive, according to the research team at UOB Group.

Key Quotes

“We are sticking to view wherein only a daily closing above 1.1005/10 would shift the current neutral EUR outlook to bullish (closing was 1.1000 last Friday)”.

“That said, the undertone for this pair is positive and the odds for a sustained up-move in the coming days are rather high especially if we continue to hold above 1.0900”.