Forex Flash: EUR/USD outlook remains bearish – UBS

FXstreet.com (San Francisco) - The EURUSD continues to trade in range between 1.2200 and 1.2400, bracketed between 1.2295 and 1.2366 this Monday. "The risks surrounding developments in Greece have by no means receded in recent weeks, but with the Troika not set to make a decision on the next aid tranche until mid-late September, financial markets may continue to ignore those risks," says UBS. "We therefore leave our bearish medium term view on the euro unchanged in the medium term."