EUR/USD: the euro dollar will likely not move above 1.07 in very short term (UOB)

UOB believes that the EUR/USD might still remain within its current range on the forex at the moment.

"Unlike our downward expectations, the EUR/USD has risen slightly and closed on a positive note. The positive tone could encourage a continuation of the rise, but at this point, an extended move above the 1.0700 level seems unlikely (minor resistance at 1.0680). The support level is at 1.0600 then the troughs of last week towards 1.0665/70."