EUR/USD: the euro is losing a bit more of its strength (UOB)

UOB notes that the tone of the EUR/USD is becoming increasingly bearish.

"The EUR/USD fell to a low of 1.1654 on Wednesday before ending that day on a low note.

The underlying tone has weakened and the bias remains to the downside.

That being said, a clear break of support at 1.1620 seems unlikely at the moment.

A resistance level is at 1.1685 but a stronger threshold is at 1.1710."