Flash: EUR/USD undertone still positive - UOB

FXStreet (Bali) - According to the Market Strategy Team at UOB Group, EUR/USD keeps the bid tone for a potential test of 1.3740, although likely to experience lack of follow through beyond.

Key Quotes

"Sideway consolidation yesterday resulted in a further loss of upward momentum. However, the undertone is still positive and as long as the key support at 1.3640 remains intact, continue to expect a move towards 1.3740 but a sustained break appears unlikely for now."