EUR/USD risks a further pullback to the 1.1695 level in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “The sudden sharp decline in EUR that sent it plummeting to a low of 1.1730 came as a surprise (closed at 1.1769, -0.57%). While the rapid decline appears to be overdone, there is no sign of stabilization just yet. From here, there is scope to EUR to dip towards 1.1720 first before the current weakness should stabilize. Resistance is at 1.1790 followed by 1.1815.” Next 1-3 weeks: “In our latest narrative from last Friday (18 Sep, spot at 1.1850), we held the view that ‘there is still chance, albeit a diminishing one for EUR to stage another attempt to close below 1.1750’. That said, the sudden sharp decline yesterday (21 Sep) was not exactly expected as EUR posted a loss of -0.57% and closed at a 6-week low of 1.1769. While EUR did not close below 1.1750, the rapid improvement in downward momentum suggests EUR could weaken further towards the next major support at 1.1695. A clear break of this level would indicate that the early Sep high of 1.2011 could remain in place for longer period of time. Overall, EUR is expected to stay under pressure unless it can move above the ‘strong resistance’ level at 1.1855.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI Price Analysis: Extends pullback from 50-day SMA below $40.00 FX Street 2 years EUR/USD risks a further pullback to the 1.1695 level in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “The sudden sharp decline in EUR that sent it plummeting to a low of 1.1730 came as a surprise (closed at 1.1769, -0.57%). While the rapid decline appears to be overdone, there is no sign of stabilization just yet. From here, there is scope to EUR to dip towards 1.1720 first before the current weakness should stabilize. Resistance is at 1.1790 followed by 1.1815.” Next 1-3 weeks: “In our latest narrative from last Friday (18 Sep, spot… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.