The research team at UOB Group remains neutral on the pair’s outlook for the next 1-3 weeks. Key Quotes “EUR traded quietly late last week and there is no change to the current neutral view”. “We continue to expect this pair to trade in a broad 1.1120/1.1375 range even though the immediate risk appears to be tilted to the downside”. “A clear break below 1.1120 could lead to a quick drop towards the next support near 1.1055. On a shorter-term note, 1.1280 is already a strong resistance (key resistance is at 1.1375)”. For more information, read our latest forex news.