EUR/USD risks a move to 1.1280 – UOB By pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We expected EUR to trade sideways between 1.1330 and 1.1395 last Friday. However, it dropped to 1.1313 before closing on a soft note at 1.1313 . Downward momentum is beginning to build and there is room for EUR to test the strong support at 1.1300. As the decline is approaching oversold levels, a sustained decline below 1.1300 is unlikely . Resistance is at 1.1350 followed by 1.1375.
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