EUR/USD could fall to 1,1025 – UOB

FXStreet — The Outlook remains for the EUR/USD in the short term is neutral and there could be Attempts to enter the area of the 1,1025 test.

Important Quotes

«Yesterday, we were of the view that the EUR is pulling a deeper Pullback to the main support 1,1025.»

«Then it came to a recovery from the 1,1108 Deep and the strong resistance of 1,1190 was overcome, but by the 1,1205 High, it came to a quick course reversal.»

«The downward momentum has clearly taken damage, but we still see a weaker sentiment of the current rate of development, and without today’s NY closing price on 1,1190 changes nothing.»

«Any weakness is to be understood in the next few days as a corrective Pullback and not the beginning of a bearish reversal.»

** FXStreet News Editorial, FXStreet**

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