EUR/USD: UBS prefers to buy the pair on the forex in the near short-term

UBS points to the risk of a rebound and prefers to buy the EUR/USD on the forex in the very short term.

"After the mixed NFP on Friday, the USD fell initially, then bounced back and remained sought after opening on Sunday night.

As for the EUR/USD, the pair seems to be forming a base around 1.1600, and the demand for macroeconomic funds has increased again.

We are therefore looking to buy from current levels, with stops under the recent lows at 1.1575."