-
Posted by
Two Blokes May 20 -
Filed in
Forex
-
5 views
Chance for Euro (EUR) to retest the 1.1290 level against the US Dollar (USD) before a more sustained pullback is likely; a clear break above this level is unlikely. In the longer run, increase in momentum is not sufficient to suggest a sustained advance; EUR must first break decisively above 1.1290, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
