EUR/USD: the euro should mark a pause soon, buy dips (UBS)

UBS believes that the EUR/USD is poised to take a break on the forex, offering a better opportunity to buy.

"Last week was solid for the EUR/USD and it closed near the peaks, above 1.12. Declines have been very limited in the last 10 days, but worries about a Trump impeachment have declined, US rates and stock markets are on the rise again.

Despite our bullish opinion on the EUR/USD, a pause seems to be taking shape, so we prefer to wait for a dip to buy, instead of trying to sell the highs."