Flash: EUR/USD set to retest Friday's high - UPB

FXStreet (Bali) - According to the Market Strategy Team at UOB, the EUR/USD is expected to have another try to recent highs.

Key Quotes

"The stronger than expected Eurozone CPI sent the EUR to a high of 1.3825 last Friday. The rally is quickly approaching overbought but there is no confirmation of a top just yet. Expect 1.3735/40 to hold any pullback for another move towards 1.3825/30 before a deeper pullback can be expected."