EUR/USD: UOB remains bearish, with a potential target of 1.1140

The UOB bank remains bearish on the EUR/USD:

"The next key level is at 1.1140/45. The objective of 1.1215 that we first highlighted earlier this week was exceeded with a low of 1.12. We thought that the potential downside ended at 1.1215 but the current momentum is more powerful than anticipated and an extension of the movement towards 1.1140 would not be surprising. Only a movement above 1.1320 would indicate that the downward phase is complete." UOB said.