EUR/USD: Bulls push to test 1.1000 – UOB Group

Chance for Euro (EUR) to advance further. It could trigger a rapid rise towards 1.1000, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann EUR breaks above 1.0950 and moves towards 1.1000 24-HOUR VIEW: “Last Friday, we held the view that ‘there is room for EUR to test the major support at 1.0760 before a recovery can be expected.’ However, after dipping to a low of 1.0781, EUR lifted off in NY trade, blowing past several strong resistance levels with ease before closing higher by 1.08% (1.0908).