EUR/USD: Upside momentum seems to have fizzled out – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “EUR soared to a 5-month high of 1.0496 yesterday before plummeting to close at 1.0337 . While downward momentum has not improved much, EUR could drop to 1.0300. EUR is unlikely to test the next support level at 1.0260. On the upside, a breach of 1.0400 would indicate that the current downward pressure has eased.”
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