EUR/USD might target 1.1286 in the near-term – Kshitij Consultancy

FXStreet (Barcelona) - Analysts at Kshitij Consultancy see further gains ahead for EUR/USD towards 1.1286 in the near-term if the pair sustains above 1.11 resistance area.

Key Quotes

“Euro (1.1116) has shot up strongly breaking all immediate resistances in the 1.10-1.11 levels. If this rise sustains it may target 1.1286 in the near term. The currency has also got some boost by a sharp rise in the German Bund yields.”

“EURJPY (132.03) has also risen sharply from levels of 130.68 but may come down from 132.6 in the near term.”