UOB is bearish on EUR/USD.

Home / EUR USD / UOB is bearish on EUR/USD. FORECAST

UOB provided its outlook on EUR/USD, mentioning that it’s possible the rate to drop 1.0900 areas. “EUR broke several key supports last Friday and dropped to a low of 1.0905/10. The short-term rebound from the low appears to be corrective in nature and a break below 1.0905/10 could lead to further drop to the very strong support level of 1.0820/25 (low last seen in March). Resistance is at 1.1170 but only a move 1.1300 would indicate that an interim low is in place.” written in the report.

Forex Forecast

Recommended Posts