EUR/USD: the euro could resume an upward trajectory after the recent consolidation phase (UOB)

UOB still highlights a bullish bias at the end of the recent EUR/USD consolidation phase on the forex.

"The EUR/USD moved again in a calm manner late last week. We continue to anticipate a lateral evolution for the moment, but with a bullish bias.

The bias after this consolidation phase remains upward, but 1.1475/1.1500 acts as a solid resistance zone, and these solid thresholds will not break easily."