Euro: Upside bias toward 1.1250 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note building upward momentum in EUR/USD after a sharp early Asian session rise. Intraday, the Euro (EUR) is seen having room to test resistance at 1.1250, provided it holds above 1.1190. Over the next 1–3 weeks, renewed upside suggests a potential move toward 1.1250 and possibly 1.1280 if the pair can close above 1.1250.