EUR/USD: UBS says pair is maintaining its upward momentum, recommends buying on dips

UBS believes that the EUR/USD should remain sustained on the forex in the short term.

"After the FOMC, we had the "buy the rumor, sell the new" scenario and the USD remained heavy on the forex. The Asian session was very quiet, with the EUR/USD moving in a narrow range at 1.0720/45.

It seems that in the short term it is still necessary to follow this movement and trade the climb. Any move below 1.0700 is a buying opportunity as long as we stay above 1.0660."