EUR/USD: can the euro return to its yearly low? (UOB)

UOB notes that the EUR/USD's immediate bias remains pointed to the downside.

"The EUR/USD fell to a low at 1.1275 before ending Tuesday's US session at 1.1288, on a low note (-0.33%).

We don't see a significant improvement in bearish momentum. However, immediate pressures remain downward, and the EUR/USD could continue to fall over the next few days.

That being said, we still think that 1.1213 is likely out of reach.

On the upside, only a move above 1.1370 would indicate that bearish pressures have eased."