FXStreet (Edinburgh) - In opinion of the research team at UOB Group, the pair could face some consolidation in the next 1-3 weeks. Key Quotes “The unexpected turn-around from the recent high 121.65/70 took out our trailing stop-loss at 120.00 (122.00 profit-taking level not met)”. “The outlook for this pair is viewed as neutral and the current movement is likely the early stages of a broad and choppy consolidation phase”. “Key levels are at 117.65 and 121.70”. For more information, read our latest forex news.