EUR/USD neutral, could test 1.13 – UOB

Analysts at UOB Group keep the neutral stance onEUR/USD, although it could slip toward the 1.1300 handle in the near term.

Key Quotes

“We just shifted to a neutral stance last Friday and there is no change to the view”. 

“The current movement is viewed as corrective pull-back which has scope to extend lower to 1.1300 but at this stage, a sustained move below this level is not expected”.

“Overall, this pair is expected to remain under pressure unless it can reclaim 1.1495”.