UOB: Rising risk of euro breaking below the 1.1390-1.1410 dollar support level

The senior technical strategist mentioned the "impulsive nature" of the recent decline of the euro against the dollar. The strategist stated that if the weekly support zone at $1.1390-1.1410 is breached, the next technical target will be $1.1210. The strategist added that in the short term, $1.1530 has already become a strong resistance level. According to data from the London Stock Exchange Group, the euro recently fell by 0.2%, quoted at $1.1433.