EUR/USD set to test 1.1050 – UOB

FXStreet (Barcelona) - Analysts at UOB Group remain of the view that EUR/USD might make a move higher to test the resistance at 1.1050 levels today.

Key Quotes

“The current upward momentum remains very strong and the strong major resistance at 1.1050 will likely be tested today. Only a move back below 1.0955 would indicate that the immediate upward pressure has eased.”

USD/JPY favours the downside in the short-term – FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, explains that USD/JPY favours the downside in the short-term, expecting a break below 118.65 to lead to further losses towards 118.20/30 levels.
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