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EUR/USD could climb to 1.2700 – UOB Group

FXStreet (Edinburgh) - Strategists at UOB Group do not rule out an attempt to 1.2700, although the follow through would lack of strength.

Key Quotes

EUR dipped below the strong support at 1.2600 before rebounding strongly to close near the high by end of the day”.

“Despite patchy upward momentum, the up-move appears incomplete and the current rally could break above the strong resistant at 1.2700 but a sustained up-move appears unlikely for now”.

“Strong support is at 1.2620”.

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