Analysts at UOB Group expect the pair to intensify its downside in the near term. Key Quotes “The short-term EUR strength touched a fresh high of 1.1464 but did not threaten the key resistance at 1.1495. While the upward pressure has eased with the sharp pull-back from the high, it is still too early to expect a sustained down-move”. “That said, short-term risk is tilted to the downside now and the odds for a move below 1.1325/30 is clearly higher than a move back above 1.1464. The next support below 1.1325/30 is at 1.1280”. For more information, read our latest forex news.