EUR/USD outlook still positive - UOB

FXStreet (Bali) - The Market Strategy Team at UOB Group notes that the outlook on EUR/USD is still positive.

Key Quotes

"While the outlook is still bullish, the weak opening early this morning on the back of Draghi’s comments suggests waning upside pressure. EUR need to break above last week’s high of 1.3906 before further gains towards 1.3967 can be expected. Otherwise, a move below 1.3780 would indicate that 1.3906 is likely the extent of the current rally."