EUR/USD: the current downturn of the euro offers a potential good trading opportunity on the forex

UBS bank believes that yesterday's EUR/USD downturn offers a good short-term buying opportunity on the forex.

"The dollar fell yesterday - probably because of the news in North Korea - but looking at the charts, the movement seems excessive, and for the EUR/USD, after yesterday's overbought sentiment, it seems that 1.1930/50 is a good level for short-term buys with stops below 1.1860."