EUR/USD: downside limited, 1.1230 key support - UOB

Analysts at UOB Group explained that there is no change to their bearish view, but as highlighted previously, downward momentum is not very strong.

Key Quotes: 

"the downside potential is likely limited to 1.1145. Stop-loss remains unchanged at 1.1395.

Looking further ahead, this pair has to move below the strong 1.1230 support within the next few days as a prolonged consolidation above this level would lead to a rapid loss of momentum."