EUR/USD (UOB) : The Euro is expected to remain weak on the Forex today but with no fall heavily




UOB think that EUR/USD is expected to remain tilted to the downside on the Forex today.

«The rapid descent from the summit on Friday to 1.1858 seems oncomplète and a further fall seems likely for today.

That said, the low of last week at 1.1730 acts as a major support, and this threshold should not let go of easily (next support at 1.1700).

The resistance is at 1.1790, but only a return above 1.1820 would indicate that the current decline has stabilized. «



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