EUR/USD: Upward momentum is starting to build – UOB Group

Bias for Euro (EUR) is tilted to the upside; it does appear to have enough momentum to break above 1.1720. In the longer run, upward momentum is starting to build; the probability of EUR breaking above 1.1720 is increasing, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

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