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. «