EUR/USD still neutral near term – UOB

In view of analysts at UOB Group, EUR/USD keeps its neutral bias for the next 1-3 weeks.

Key Quotes

“EUR touched 1.1453 yesterday but dropped quickly from the high”.

“We continue to hold a neutral view but the shorter-term undertone is not as positive anymore and a clear break below 1.1325/30 would indicate that the immediate pressure has shifted to the downside”.