United Overseas Bank and their comments on five currencies
A new day and a new week so here’s UOB’s take on 5 pairs.
EUR/USD: Bearish: Still clearly bearish, next significant supports at 1.0538, 1.0456.
There is not much to add to the update last Friday. The next supports are at 1.0538 and 1.0456. Overall, only a move above 1.0720 would indicate that the current bearish phase has ended.