Germany Gross Domestic Product (YoY) above expectations (0.9%) in 2Q: Actual (1%)

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive stance on EUR/USD despite recent consolidation around 1.1660. They still see room for upside toward 1.1725 in the coming weeks as long as support at 1.1630 holds.