UBS holds bearish forecast for the U.S. currency

UBS analysts adhere to the bearish forecast for the U.S. dollar. Euro / dollar retains a positive attitude and focus on the recent maximum of 1.5063. Breakthrough of this level will lead to further growth of couples to 1.5163, which is 76.4% correction, support acts mark 1.4811. The dynamics of the dollar against the yen, bank analysts characterized as a negative, because the pair is trading well below the maximum on the key 92.32. As the target level of the bank’s strategy to raise a minimum of 89.20; initial resistance is the mark of 91.32. Currently, the euro / dollar traded at 1.4975, the dollar / yen is at around 90.07.