EUR/USD: the surprising bullish pressure may continue to push the pair up (UOB)

UOB notes that the current upward pressure on the EUR/USD could continue to push it up higher on the forex.

"The anticipated strengthening of the EUR/USD exceeded our expectations by climbing above the major resistance level at 1.0765 (peak at 1.0769). The absence of any significant decline suggests that the rise could be further extended. That being said, 1.0820 is another major resistance level and this threshold should not break as easily. The support level is at 1.0730 and the previous resistance at 1.0700/05 acts as a key support level."