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EUR stages a strong rebound - UOB Group

FXStreet (Barcelona) - The Market Strategy Team at UOB Group, note that EUR staged a strong rebound to 1.2486 level yesterday after dipping towards 1.2400 levels.

Key Quotes

"In line with expectations, EUR dipped towards 1.2400 before staging a strong rebound to touch an overnight high of 1.2486. The strong daily close bodes well for further EUR gains today.”

“Expect the support at 1.2430 to hold for a move higher to test the major resistant at 1.2520/25."

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