EUR/USD: Upside potential remains – UOB Group
Source Fxstreet
The UOB Group report by Quek Ser Leang and Lee Sue Ann suggests that the Euro is poised for further gains against the US Dollar, with a potential retest of 1.2080. As long as the Euro holds above 1.1950, the outlook remains positive, although a pullback is expected after reaching higher levels. The report emphasizes the strong upward momentum in the Euro's price action.
Positive outlook for Euro
"As long as EUR holds above 1.1950, it could retest 1.2080 before a pullback can be expected."
"Sharp spike higher is likely to fuel further EUR strength, potentially to 1.2150."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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AUD/USD remains above 0.6900 near 16-month highsAUD/USD holds near its 16-month high of 0.6940, reached in the previous session, currently trading around 0.6920 during the Asian hours on Tuesday. Traders now await the December Consumer Price Index (CPI) data due Wednesday for further clues on the Reserve Bank of Australia’s (RBA) policy outlook.
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