EUR/USD Neutral, Could Test 1.13 – UOB
Analysts at UOB Group keep the neutral stance on EUR/USD, although it could slip toward the 1.1300 handle in the near term.
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”.
