United Overseas Bank's (UOB) analysts Quek Ser Leang and Lee Sue Ann remain bullish on EUR/USD, despite recent consolidation around $1.1660.
They believe that as long as support at $1.1630 holds, there is room for the euro to rise toward $1.1725 in the coming weeks.
On a 1-3 month horizon, they point to a decisive technical break and positive weekly MACD, indicating targets at $1.1800 and $1.1850.
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