EUR/USD Potential Decline to 1.1300 – UOB

EUR/USD Potential Decline to 1.1300 – UOB

9 May 2016, 10:24
Roberto Jacobs
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EUR/USD Potential Decline to 1.1300 – UOB

In view of the research team at UOB Group, EUR/USD risks a test of the 1.1300 area in the next 1-3 weeks.

Key Quotes

“We just shifted to a neutral stance last Friday and there is no change to the view”.

“The current movement is viewed as corrective pull-back which has scope to extend lower to 1.1300 but at this stage, a sustained move below this level is not expected”.

“Overall, this pair is expected to remain under pressure unless it can reclaim 1.1495”.


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