UOB technical advice on major currency pairs

EUR / USD: Bullish. Partial closing longs at around 1.1400.

We believe that the EUR / USD in the long run there is a good chance to continue the upward trend, however, the pair is now showing signs of slowing down and there is a high probability of a small reversal.

GBP / USD: Neutral. Likely range of 1.4350 / 1.4650.

We remain neutral and expect this pair to trade in a wide range of 1.4350 / 1.4650 for approximately one week.

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