Analysts at UOB Group explained that there is no change to their bearish view, but as highlighted previously, downward momentum is not very strong. Key Quotes: "the downside potential is likely limited to 1.1145. Stop-loss remains unchanged at 1.1395. Looking further ahead, this pair has to move below the strong 1.1230 support within the next few days as a prolonged consolidation above this level would lead to a rapid loss of momentum." For more information, read our latest forex news.