Explore eFXplus Derived Data That Drive Results
A Data Partner of:
May 21 - 01:24 PM

EUR/USD: A Close Above 1.1030 To Confirm Bullish Outlook N-Term; Negate On Breach Of 1.0890 - UOB

By eFXdata  —  May 21 - 08:33 AM

UOB Research discusses EUR/USD technical outlook and adopts a tactical bullish bias in the near-term against a break back below 1.0890.

"EUR is expected to trade with an upward bias towards 1.1017. Looking ahead, EUR has to close above 1.1030 before further sustained up-move can be expected.

Meanwhile, the overall positive outlook remains intact as long as EUR does not move below 1.0890 (‘strong support’ level was previously at 1.0825)," UOB notes. 

UOB Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved