FXStreet (Edinburgh) - The research team at UOB Group has reiterated its neutral perspective on the pair in the near-term. Key Quotes “The recent build-up in the short-term upward momentum fizzled out with the rapid drop from the high of 1.0975 yesterday”. “It appears that EUR is still trapped within a 1.0800/1.0990 range for now”. “That said, the current neutral phase that started about two weeks ago appears to be close to completion but confirmation of a sustained directional move is only upon a break below 1.0800 or above 1.0990”. For more information, read our latest forex news.