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Posted by
Two Blokes Jul 16 -
Filed in
Forex
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4 views
Sharp drop appears overdone; instead of weakening further, Euro (EUR) is more likely to consolidate in a range of 1.1580/1.1650 against US Dollar (USD). In the longer run, price action continues to suggest downside risk in EUR; the next level to monitor is 1.1550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
