EUR/USD: the euro rebound is perhaps not yet over (UOB)

UOB believes that the EUR/USD still seems to be able to rise higher on the forex.

"The EUR/USD rebounded strongly and hit a peak at 1.1445.

While the bullish movement seems to be fully stretched out, it is possible that the EUR/USD will test the resistance threshold at 1.1460.

A break above is not to be excluded but the next resistance level at 1.1500 should not be threatened.

Support is at 1,1,400 followed by 1.1370."