EUR/USD still neutral near-term – UOB

The research team at UOB Group has reiterated its neutral stance on the pair in the short-term.

Key Quotes

“There is not much to add as EUR eased of quickly from a high of 1.1432”.

“On balance, the bias appears to be tilted on the downside but even if EUR were to move below the strong 1.1350 support, the next level of 1.1300 would not be easy to crack”.

“On the upside, strong resistance is at 1.1450 ahead of 1.1500”.