24-hour view: We highlighted yesterday that EUR could rebound further but “it is highly unlikely to reach the major resistance at 1.0820.” We added, “there is another resistance at 1.0780.”. Our expectations did not quite turn out as EUR dipped to 1.0704, rebounded to 1.0768 before ending the day little changed at 1.0752 (+0.04%). Slightly firm momentum indicators continue to suggest that EUR could rebound further. However, the major resistance at 1.0820 is still likely out of reach. Support is at 1.0735, followed by 1.0715. 

Next 1-3 weeks: There is not much to add to our update from yesterday (12 Sep, spot at 1.0750). As highlighted, the recent EUR weakness had stabilised. From here, EUR is likely to trade in a range, probably between 1.0690 and 1.0820.