Flash: EUR/USD to climb before pullback - UOB Group

FXstreet.com (Barcelona) - The Market Strategy Team at UOB Group feel that EUR/USD could continue to climb before a deeper pullback.

Key Quotes

"While the sharp rally appears incomplete, overbought conditions suggest limited upside potential for today."

"Allow for a move towards 1.3705/10 but this should be followed by a deeper pullback."

Flash:

Emmanuel Ng, FX Strategist at OCBC Bank notes that EUR/USD is in line with current CTFC positioning heading into the week.
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AUD/USD driven by disappointing US data

The pair is currently trading at USD0.9036, up 0.5 percent on the session
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