EUR/USD: UOB is waiting for a daily close above 1.14 to confirm a rally, heading towards 1.1495

This Monday morning, UOB bank has revealed its short-term forecast for the EUR/USD for today Monday, 4 April 2016:

"We maintain our view that only a daily close above 1.14 would indicate the start of a new and sustained bullish movement heading toward the summit achieved in October 2015 at 1.1495.

Meanwhile, the pair should remain sustained by support at 1.1330. Below 1.1270, one can consider that a top is in place, and we could begin to consider downside scenarios."