EUR/USD: UOB remains a buyer and continues to target 1.1450 with a large stop

In its daily update of its short-term forecasts for the EUR/USD, UOB today confirmed its bullish opinion:

"We went from neutral to bullish yesterday, and there is currently no change in this view despite the absence of any new bullish waves yesterday.

The immediate target remains located at 1.14, and a break above this level would turn our attention towards 1.1450.

We also continue to advise placing a stop loss at 1.1250."