EUR/USD now looks at a potential test of 1.1120 – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “EUR lifted off during NY trade and surged to a high of 1.1000 before extending its gains in early Asian hours. While the rapid and outsized surge appears to be overdone, the advance is not showing signs of slowing just yet. In other words, further EUR strength is not ruled out. That said, the major resistance at 1.1120 is unlikely to come into view today . Support is at 1.0975, a break of 1.0940 would indicate that the current strong upward pressure has eased.
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