EUR/USD Downtrend Targets Lower Support Levels: UOB
UOB analysts note short-term consolidation between 1.1505 and 1.1555 after last week's sharp decline, with the downtrend aiming for lower supports.
EURUSD
UOB's Quek Ser Leang and Lee Sue Ann characterize current EUR/USD price action as short-term consolidation in the 1.1505–1.1555 range, following a sharp decline last week.
They indicate the downtrend is still in progress and targeting lower support levels.
Source: FXStreet Forex News