EUR (EUR) can test the main resistance to 1.1400; Careful growth above this level is unlikely. In a longer gear, the likelihood of EUR fracture above 1.1400 increases; Another resistance is near 1,1435, FX UOB FX Quek Serandg and Peter Chia Note analysts.

A lasting augment above 1.1400 is unlikely

24-hour view: “EUR fell to 1.1253 last Thursday. On Friday we emphasized that” despite the fall, there was no clear augment in the shoot. ” We added: “Current price movements are probably part of the trade phase of coverage, it is expected to be from 1.1255 to 1.1325″. Instead of on 1.1374, it fell sharply, but he briefly withdrew from 1.1365 (+0.74%). Although a sharp growth has slowed down a bit that it is necessary for 1.1350 and 1,1325. ”

1-3 weeks View: “In our latest narrative from the last Thursday (May 22, place at 1,1325) we pointed out that” the price action suggests the further force of EUR, from 1.1400 now “. We added: “To keep the momentum, EUR must maintain above 1.1235 (” strong level of support “). On Friday it increased to 1,1374.