Ella 
EUR/USD could trade between 1.0685/1.0730 and remain under pressure. Analysts at UOB Group note that EUR/USD has the potential to continue to fall, but only if it breaks below 1.0640.
Price remains sideways
24-hour view: “Yesterday, we noted that EUR ‘could fall further, but it is unclear whether it will break below the important support level of 1.0640. Our view was wrong as EUR rebounded to 1.0726 and closed at 1.0702 (+0.22%). This price action could be part of a consolidation phase. Today, we expect EUR to trade in a range of 1.0685/1.0730.
1-3 week view: “Our update yesterday (27 June, spot price 1.0702) remains valid. As mentioned earlier, the downward momentum has strengthened again, but at this stage, it does not seem to be enough to indicate the start of a sustained decline in EUR. In addition, 1.0640 is an important support level. As long as 1.0735 (unchanged from yesterday’s ‘strong resistance’ level) is not broken, the euro is likely to remain under pressure, but only a clear break below 1.0640 will lead to a sustained decline.
