EUR/USD supported at 1.1075/80 – UOB Group

FXStreet (Edinburgh) - According to analysts at UOB Group, EUR/USD could find decent support in the upper-1.1000s.

Key Quotes

“The anticipated EUR weakness exceeded our expectations by a wide margin with a low of 1.1113 last Friday”.

“Strong impulsive downward momentum is expected to lead to further down-move towards the next support at 1.1075/80. Strong resistance is at 1.1210”.