EUR/USD: Potential for further strength – UOB Group
Source Fxstreet
UOB Group analysts Quek Ser Leang and Lee Sue Ann suggest that EUR/USD could see further strength, potentially reaching 1.2150. The report indicates that as long as the strong support level at 1.1890 holds, the upward momentum remains intact. The EUR is expected to trade within a range of 1.1920 and 1.2000 in the near term.
Potential for further strength in EUR/USD
"The sharp spike higher is likely to fuel further EUR strength, potentially to 1.2150."
"While upward momentum has since slowed somewhat, we will maintain our view as long as 1.1890 continues to hold."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: The content available on Mitrade Insights is provided for informational and marketing purposes only. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
Recommended Articles
Pi Network (PI) has been in a steady decline below the 50-day Exponential Moving Average (EMA), trading near $0.2200 at press time on Monday.
Silver Price Forecast: XAG/USD rises to near $72.50 due to bullish biasSilver price (XAG/USD) gains nearly 4%, trading around $75.50 during the European hours on Monday. The technical analysis of the daily chart timeframe suggests the price of the precious metal remains within an ascending channel pattern, suggesting a persistent bullish bias.
Silver price (XAG/USD) gains nearly 4%, trading around $75.50 during the European hours on Monday. The technical analysis of the daily chart timeframe suggests the price of the precious metal remains within an ascending channel pattern, suggesting a persistent bullish bias.
Gold price surge helps Swiss National Bank make $33 billion profitZURICH, Jan 9 (Reuters) - The Swiss National Bank made a profit of around 26 billion Swiss francs ($32.52 billion) in 2025, the central bank said on Friday, thanks to big increases in gold prices as investors headed for safe-havens assets last year.The provisional figures were a decline from the rec...
ZURICH, Jan 9 (Reuters) - The Swiss National Bank made a profit of around 26 billion Swiss francs ($32.52 billion) in 2025, the central bank said on Friday, thanks to big increases in gold prices as investors headed for safe-havens assets last year.The provisional figures were a decline from the rec...
Pi Network Price Forecast: PI rebounds slightly but selling pressure persistsPi Network (PI) edges higher by 1% at press time on Tuesday, signaling a minor recovery after recording a fresh record low of $0.1502 on Monday. Mainnet holders have withdrawn over 4 million PI tokens from centralized exchanges supporting Pi Network over the last 24 hours.
Pi Network (PI) edges higher by 1% at press time on Tuesday, signaling a minor recovery after recording a fresh record low of $0.1502 on Monday. Mainnet holders have withdrawn over 4 million PI tokens from centralized exchanges supporting Pi Network over the last 24 hours.
Silver price (XAG/USD) continues its four-day winning streak after recovering daily losses, trading around $108.90 during the Asian hours on Tuesday. The safe-haven Silver rebounded amid rising political and trade risks.
Related Instrument
