EUR / USD (UOB): The Euro may still post a new fall on the Forex before rising more decisively :

UOB thinks that EUR / USD could get support for 1.1710 before possibly rebounding more strongly.

"EUR / USD fell to a low of 1.1716 before recovering. Despite the rebound, the tone remains heavy and a new drop to test the major support of 1.1710 seems likely (and a more powerful rebound can be expected).

The next support under 1.1710 comes to 1.1665, and based on the current momentum, the probabilities of a move towards this threshold are not high. On the upside, the resistance is at 1.1765 but a stronger threshold comes to 1.1795. "
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