EUR / USD (UOB): Yesterday's turnaround reinforces the bearish bias of the Euro on the Forex :


UOB notes that EUR / USD is trading on the Forex with a slight bearish bias after yesterday's turnaround.

"EUR / USD hit a high at 1.1219 yesterday, but the bullish move was quickly reversed. The decline seems incomplete and a continuation of the decline remains possible. That said, 1.1150 is solid support which should not let go easily (minor support at 1.1165). The resistances are at 1.1200 and 1.1220. "


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