FXStreet reports that FX Strategists at UOB Group noted the upside momentum in EUR/USD is expected to meet solid resistance in the vicinity of 1.1900.

Next 1-3 weeks: “Two days ago, we noted that downward pressure has dissipated and we expected EUR to trade within a 1.1750/1.1860 range for a period of time. Since then, upward momentum has improved slightly and EUR could move above 1.1860 but at this stage, any advance is expected to face solid resistance at 1.1895. On the downside, a break of 1.1770 (‘strong support’ level) would indicate that the current mild upward pressure has eased.”