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Posted by
Two Blokes Tue at 10:30 AM -
Filed in
Forex
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Chance for Euro (EUR) to retest the 1.1290 level against the US Dollar (USD) before a more sustained pullback is likely; a clear break above this level is unlikely. In the longer run, increase in momentum is not sufficient to suggest a sustained advance; EUR must first break decisively above 1.1290, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
