EUR/USD: the euro's decline may extend itself, but support under 1.22 still appears solid (UOB)

UOB believes that the EUR/USD can still decline on the forex in intraday.

The EUR/USD hit a high at 1.2295 on Friday, holding well below the peak at 1.2322 on Wednesday. The quick retreat from the peak seems to have the opportunity to expand, but solid support at 1.2180 should not let go for the moment (a first solid support level is at 1.2210).

Resistance is at 1.2275 followed by 1.2295."