FXStreet (Edinburgh) - In view of strategists at UOB Group, spot keeps the bearish stance in the short-term. Key Quotes “The sudden and sharp rebound yesterday has clearly dented the downward momentum in USD”. “However, confirmation of a low is only upon a break of the stop-loss at 118.40. Those who are shorts from last week may likely to book profit on any dip close to 116.45”. For more information, read our latest forex news.