EUR/USD: the euro may have a hard time pursuing its decline right now (UOB)

UOB believes that the EUR/USD decline on the forex will likely mark a pause.

"EUR/USD fell to hit 1.0649 before going up. The recent sharp decline shows signs of stabilisation and the risk of a decline now seems limited. That being said, it is too early to anticipate a sustained recovery and the EUR/USD is more inclined to consolidate within these low levels. Expect a range of 1.0650/1.0700."