Spot could accelerate its downside in case of a break below 107.50, according to analysts at UOB Group. Key Quotes “We turned neutral USD last Friday after our stop-loss was triggered at 109.60 (high of 109.73)”. “The sharp drop upon opening in Sydney was clearly unexpected. The downside risk is increasing quickly and a daily closing below 107.50 would indicate a resumption of the bearish trend”. “The odds for such a move appear to be quite high unless this pair can reclaim 109.40 in the next few days”. For more information, read our latest forex news.