EUR/USD could revisit the 1.0150 region – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We expected EUR to weaken yesterday but we were of the view that ‘any decline is unlikely to break the support at 1.0280’. We indicated, ‘the next support is at 1.0240’. The decline exceeded our expectations as EUR cracked both 1.0280 and 1.0240 as it plummeted to a low of 1.0221. While approaching oversold, there is scope for EUR to weaken further to 1.0205. The major support at 1.0150 is unlikely to come under threat today. On the upside, a break of 1.
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