EUR/USD: bearish bias - UOB

Analysts at UOB Group are Bearish on EUR/USD.

Key Quotes:

"To take partial profit at 1.1145."

"Despite breaking below 1.1230 recently, the downward momentum is not as impulsive as we would like.

"Furthermore, the target of 1.1145 is a strong support and EUR would likely struggle to move clearly below this level.

Those who are short should look to take partial profit at 1.1145. Stop-loss remains unchanged at 1.1230 for now."