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Posted by
Two Blokes Jun 24 -
Filed in
Forex
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2 views
Sharp rally may extend further; overbought conditions suggest Euro (EUR) is unlikely to break clearly above 1.1620. In the longer run, EUR is expected to continue to trade in a range; given the increase in volatility, it is now likely to trade between 1.1480 and 1.1660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
