EUR/USD: buying opportunity on dips

UBS generally remains bullish on the EUR/USD on the forex but it awaits a correction to buy.

"The risk and the dollar are still low ahead of today's lively trading session, but the EUR is also not able to continue its rise ahead of today's ECB meeting. It appears that hawkish expectations have already been integrated into pricing. Risk is therefore potentially on the downside.

Overall, we remain bullish, with economic data of recent months pointing to a recovery in Europe, but we prefer to wait for a pullback to buy.