Flash: EUR/USD to range before further test higher? – UOB Group

FXstreet.com (Barcelona) – The Market Strategy Team at UOB Group comment that EUR/USD‘s rally fizzled out quickly and last week’s high of 1.3584 was not threatened.

Key Quotes

“Waning upward momentum suggest sideway trading for today before another attempt higher can be expected at a later stage.”

“The 1.3470 support will likely hold any dips from here but the upside potential is limited to a retest of yesterday’s high at 1.3555/60.”
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