FXStreet (Edinburgh) - Strategists at UOB Group still believe the pair could attempt a squeeze higher in the next weeks. Key Quotes “In line with our expectations, EUR traded mostly sideways for the whole of last week”. “That said, short-term upward momentum is picking up and the current consolidation will be likely resolved by a move higher in EUR”. “However, only a daily closing above the major 1.0990/95 resistance would indicate the start of a bullish phase”. “Overall, unless there is a move back below 1.0800 in the next few days, the risk is clearly greater on the upside”. For more information, read our latest forex news.