EUR/USD risks a drop to 0.9755 – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “EUR spiked to a high of 0.9975 before crashing to end the day on a weak note at 0.9817 . The sharp and swift drop has gathered momentum and EUR is likely to drop below the support at 0.9800. In view of the oversold conditions, a break of the next support at 0.9755 is unlikely. The downward pressure is intact as long as EUR does not move above 0.9880 .”
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