UOB think that EUR/USD could decline further on the Forex in the very short term.
«EUR/USD has fallen to 1.1697 yesterday. While the decline seems stretched, there is room for a further fall towards the major support of 1.1660.
At this stage, the critical level should offer a strong support, but a break clear could trigger an acceleration to 1.1615.
The increase, stabilization will only be considered as above the 1.1780 (minor strength at 1.1740). «