EUR/USD: the euro could pursue its decline to 1.0715 (UOB)

UOB notes that a continuation of the EUR/USD decline on the forex seems probable.

"The anticipated EUR/USD decline exceeded our expectations with a low at 1.0738. Despite the rebound, the immediate pressure is still downward and a further bearish push to test support 1.0715 seems likely. This is a solid threshold that should offer support. On the upside, only a return above 1.08 would indicate that the bearish pressure has eased. A minor resistance level is at 1.0780."