EUR/USD: post-consolidation risks are pointing upward (UOB)

UOB notes that the risks are bullish for the EUR/USD.

"There isn't much to add to yesterday's update. As we said, recent upward pressures have eased, and the EUR/USD is likely to be trapped in a consolidation range at 1.1265/1.1400 for the time being.

In other words, the EUR/USD should move laterally.

Later on, the bullish risks look higher, but even if there is an impulse above 1.1400, the EUR/USD may have trouble breaking above 1.1440."