EUR/USD: UOB switches back to a long position after yesterday's move

UOB switches back upward on the EUR/USD in the forex, with an immediate target at 1.1350.

"We have identifies upside risks for a stronger EUR in recent updates, and a clear break above 1.1250 yesterday finally indicates the beginning of a bullish phase. The immediate target for a move to 1.1350 and based on the current momentum, an extension towards the 1.1430/35 peak observed on the day of Brexit would not be surprising. Strong support comes at 1.1220 but only a move below 1.1170 would indicate that bullish anticipation is false."