EUR/USD: Has Room to Extend to 1.0530
Impulsive advance has room to extend to 1.0530; a clear break above this level appears unlikely. In the longer run, rejuvenated upward momentum suggests Euro (EUR) could continue to advance vs US Dollar (USD); the levels to monitor are 1.0530 and 1.0560, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Owen Li