UOB analysts see further declines for the euro against the dollar, targeting key support levels near 1.1335.
EUR/USD closed at 1.1376 after fluctuating between 1.1361 and 1.1423, reflecting a softer tone in recent trading. Short-term momentum indicators suggest a downward shift, with potential to test the 1.1360 level in the near term.
The pair remains under pressure, with major support identified at 1.1335. Previous sessions saw limited upward traction, reinforcing the bearish outlook as sellers dominate.
No immediate market reaction was specified, but the technical bias points to further downside if support levels fail to hold.