EUR/USD bearish, eyes 1.1215 – UOB

Analysts at UOB Group have turned bearish on EUR/USD, expecting a visit of 1.1215 in the near term.

Key Quotes

“We turned bearish EUR yesterday but highlighted that the downside potential is likely limited to 1.1215”.

“The rather calm overnight trading has resulted in a quick loss in downward momentum but further weakness is still expected after the current short-term consolidation is over. Stop-loss remains unchanged at 1.1400”.