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FX Desk

Euro: Downside bias toward 1.1400 against US Dollar – UOB

Euro: Downside bias toward 1.1400 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a negative stance on EUR/USD after the pair closed at 1.1447. They see scope for further Euro (EUR) weakness, with intraday support at 1.1415 and a key level at 1.1400, though they doubt a sustained break lower.

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