UOB Maintains Negative EUR/USD Bias Toward 1.1400 Support as Key Resistance Drops

UOB analysts maintain a negative outlook on EUR/USD toward the 1.1400 support zone following a drop to 1.1428 and a close at 1.1447. Strong resistance has been revised down to 1.1490 from 1.1520, though sustained declines beneath 1.1400 remain unlikely. This follows earlier forecasts anticipating a downward trajectory after the pair closed at 1.1464, which subsequently broke through minor support at 1.1435 amid persistent selling pressure.