As shown by the money organizers at UOB Group, there is still space for the EUR/USD to test the 1.2200 level multi week from now.

Key Comments:

24 hour see: "The EUR/USD made another high of 1.2177 last Friday (high of 1.2175 on Thursday) before offering way to deal with close to some degree bring down at 1.2120 (- 0.16%). While the overall move from the high is seen as a component of a more broad blend stage, the weakened principal tone proposes there is space for EUR/USD to go down to 1.2090. In light of everything, any deficiency is seen as a segment of a lower range some place in the scope of 1.2090 and 1.2160. Thusly, a proceeded with plunge under 1.2090 isn't ordinary ".

Next 1-3 weeks: "We…