FXStreet (Edinburgh) - In view of the research team at UOB Group, the pair’s corrective upside could see a test of the 1.0985 level in the next weeks. Key Quotes “A test of the month-to-date high of 1.0985 will not be surprising but a sustained up-move is unlikely”. “The breach of the 1.0905 stop-loss yesterday nullified our bearish EUR view”. “While the undertone remains positive, the current movement is unlikely to be part of a directional move”. “We are neutral now but the short-term bias is for a move higher to test the month-to-date high near 1.0985 even though a sustained move above this level appears unlikely. Strong support is at 1.0815”. For more information, read our latest forex news.