The EUR/USD currency pair is poised for a downward trend, with analysts from UOB Group indicating that the euro is likely to decline. However, they assert that any pullback is expected to remain above significant support at 1.1650. For a more pronounced move towards this level, the euro would need to close below the 1.1680 mark, which remains a critical threshold in the current trading environment.
In the longer term, the bias for the euro continues to lean bearish, suggesting traders should remain cautious. The dynamics of the exchange rate will be influenced by various market factors, and a sustained breach below 1.1680 could trigger further selling pressure towards 1.1650. As the forex market navigates these technical levels, traders are advised to closely monitor the euro's performance against the USD in the days ahead.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-07 11:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.