EUR/USD: the euro could still slightly decline today (UOB)

UOB believes that the EUR/USD could still potentially decline on the forex in intraday trading.

"The major resistance level at 1.2536 was not threatened, while the EUR/USD fell sharply from a peak at 1.2518 on Friday.

The downturn still has the potential to expand, but 1.2380 should offer strong support (minor support at 1.2410).

The resistance level is at 1.2410, followed by the peak near 1.2520."