FXStreet reports that FX Strategists at UOB Group noted the upside momentum in EUR/USD could extends the mid-1.1900s in the next weeks.

Next 1-3 weeks: “We have held a positive view in EUR since early last week. In our latest narrative from last Wednesday, we highlighted that the ‘rebound in EUR could extend further’ and ‘the next major resistance is at 1.1945’. Since then, EUR has not been able to make much headway on the upside. Upward momentum has waned but there is still chance for EUR to move higher to 1.1945. Only a breach of 1.1830 (‘strong support’ level previously at 1.1770) would indicate that the upside risk has dissipated.”