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- EUR/USD faces the next target of note at 1.2185 – UOB
EUR/USD faces the next target of note at 1.2185 – UOB
FXStreet reports that in opinion of FX Strategists at UOB Group, EUR/USD is now expected to meet the next significant resistance at 1.2185.
Next 1-3 weeks: “The positive phase in EUR is moving into its third week now. In our latest narrative from last Thursday, we highlighted ‘as long as EUR does not move below 1.1965, there is still scope for it to advance to 1.2115’. EUR soared to 1.2099 on Friday and the boost in upward momentum suggests that a break of 1.2115 would not be surprising. Looking ahead, the next major resistance is above this level is at 1.2185 (there is a minor resistance at 1.2145). Overall, the positive phase is deemed intact as long as EUR does not move below 1.2020 (‘strong support’ level previously at 1.1965).”
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