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December 6, 2024

EUR/USD Readies for Advances as Market Momentum Builds

The Euro’s (EUR) current momentum suggests a potential advance, particularly if it breaks past the key level of 1.0610. Analysts indicate that consistently trading above this level could pave the way for further progress towards 1.0650. Analysts Quek Ser Leang and Lee Sue Ann from UOB Group highlight the importance of maintaining momentum as the Euro seeks to establish a stronger position in the market moving forward. Investors should remain vigilant about price developments around this crucial level.

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