EUR/USD: the euro could continue to climb on the forex today (UOB)

The EUR/USD rebound could pick up steam today according to UOB.

"The EUR/USD recently recorded a low at 1.1723, before quickly and firmly recovering.

The rebound seems likely to increase in intensity, but any further rise should encounter strong resistance towards last week's high at 1.1840 (the next resistance level is at 1.1870).

On the downside, the support level is at 1.1770, followed by 1.1740. The trough at 1.1723 should not be hit again today."