EUR/USD: UOB remains bearish as long as euro evolves below 1.1210

UOB maintains its bearish view of the EUR/USD and continues to target a move towards 1.1065/70.

"We have switched back to a short EUR/USD position yesterday and there is no change to our vision. The bearish momentum is not as impulsive as we would have liked, but as long as we stay under 1.1210, the outlook for a movement towards our immediate target at 1.1065/70 still seems significant on the forex".