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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Shift from bearish to neutral: Rebound could extend to 1.1150. Our recent bearish expectation was proven wrong quickly as EUR moved above the key 1.0950 resistance. The outlook for this pair has shifted to neutral once again. However, the strong up-move yesterday has resulted in a positive undertone and the current rebound could extend higher to 1.1150. This is a major resistance and at this stage, a sustained move above this level is not expected. Overall, EUR is expected to remain underpinned in the coming days with solid support at 1.1000 and 1.0960. GBP/USD: Neutral: Undertone has improved but 1.3320 is ... (full story)