EUR/USD: UOB suggests that traders beware of profit-taking above 1.14

UOB remains bullish on the EUR/USD on the forex but suggests taking some profits when approaching the resistance zone at 1.1430/35.

"The immediate upside target that was set Wednesday was quickly reached as EUR/USD marked a peak at 1.1365 last night. While the outlook remains clearly bullish and the next levels to watch are at 1.1430/35 (day of the Brexit summit), the pace of the current rally seems unsustainable and buyers should seek to take profits upon approaching 1.1430/35."