UOB thinks that EUR/USD will decline to 1.1300.

Home / EUR USD / UOB thinks that EUR/USD will decline to 1.1300. FORECAST

According to the analysts at UOB, EUR/USD will move down to 1.1300 area in a short-term.

“We just shifted to a neutral stance last Friday and there is no change to the view. The current movement is viewed as corrective pull-back which has scope to extend lower to 1.1300 but at this stage, a sustained move below this level is not expected. Overall, this pair is expected to remain under pressure unless it can reclaim 1.1495”written in the report.

EUR/USD was trading at 1.1393 as of 05:30 AM EDT, almost unchanged from the previous close.

Forex Forecast

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