EUR/USD: Downside Limited, 1.1230 Key Support - UOB
Analysts at UOB Group explained that there is no change to their bearish
view, but as highlighted previously, downward momentum is not very
strong.
Key Quotes:
"the downside potential is likely limited to 1.1145. Stop-loss remains unchanged at 1.1395.
Looking
further ahead, this pair has to move below the strong 1.1230 support
within the next few days as a prolonged consolidation above this level
would lead to a rapid loss of momentum."
