EUR/USD: Rebound faces strong resistance at 1.0735 – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “EUR dropped to a low of 1.0482 last Friday before lifting to off to close sharply higher by 1.18% . While overbought, the strong rise is not showing any signs of weakening just yet. There is room for the advance in EUR to edge above 1.0685 first before easing. The next resistance at 1.0715 is not expected to come into view. Support is at 1.0615, followed by 1.0580.”
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