EUR/USD: the euro maintains a bearish bias (UOB)

UOB notes that the EUR/USD maintains a bullish bias on the forex.

"The EUR/USD fell back and hit a low at 1.1731 before rebounding slightly.

The bearish momentum has improved and the immediate bias remains pointed downward.

That being said, 1.1690 is a major support level and this threshold should not be threatened today (there is minor support at 1.1715).

On the upside, only a move above 1.1795 would indicate that bearish pressures have eased (there is minor resistance at 1.1775)."