EUR/USD risks further losses below 1.0950 – UOB By pabspiovano EURUSD Currencies Majors Banks
24-hour view: “We highlighted last Friday that EUR ‘could edge higher but any advance is expected to face solid resistance at 1.1045’. EUR subsequently rose to 1.1037 before dropping to 1.0977. Downward momentum has improved and a break of 1.0950 would not be surprising. That said, it is left to be seen if EUR can maintain a foothold below this major support level . Resistance is at 1.1000 followed by 1.1010.
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