EUR/USD: the euro may offer buying opportunities on dips (UBS)

UBS declares that it wants to buy the EUR/USD on the forex in the contexts of very short-term declines.

"The EUR/USD pullbacks were weak last week with the weakening of the USD and the rise in confidence in the EUR. We observed demand from real portfolios during recent sessions.

The daily RSI suggests that we are not far from the overbought territory, so we waiting for declines to buy."