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EUR/USD (UOB) : The Euro is maintaining its upward pressure, but is not expected to advance much before the FOMC — Forex Stock Trade




EUR/USD (UOB) : The Euro is maintaining its upward pressure, but is not expected to advance much before the FOMC




UOB maintains an upward bias on EUR/USD on the Forex but not think that we will have a acceleration today.

«EUR/USD has punctured the resistance of 1.1995. The tone remains positive and continues to rise towards 1.2030 would not be surprising.

At this stage, a sustained movement above this threshold seems unlikely (next resistance is at 1.2060.

Only a return to below 1.1950 would indicate that the upside pressure immediate diminished (minor strength to 1.1975). «



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