EUR/USD: the euro should remain weak on the forex today but without any heavy decline (UOB)

UOB believes that the EUR/USD should remain bearish on the forex today.

"The rapid drop from the top of Friday at 1.1858 seems incomplete and a further decline seems likely for today.

That said, the low of last week at 1.1730 acts as a major support and this threshold should not let go easily (next support level is at 1.1700).

The resistance is at 1.1790 but only a return above 1.1820 would indicate that the current decline has stabilised."