UOB: EUR/USD bullish above key support, targeting 1.1490
United Overseas Bank analysts note that EUR/USD has broken above prior resistance and rapid gains reached 1.1482, with intraday potential to test 1.1490 while staying below significant resistance.
EURUSD
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann observe that EUR/USD has built a bullish bias above key support against the US Dollar. The pair has broken above prior resistance, with rapid gains seen up to 1.1482.
Intraday, the analysts see the pair capable of testing 1.1490 while remaining below a significant resistance level. The bullish momentum suggests potential for further upside in the near term.
Source: FXStreet Forex News