EUR/USD Faces Challenges Ahead: More Downside Possible
The Euro (EUR) has seen a decline over the past week, aligning with previous cautions regarding potential ‘speed bumps’ in the interim. Currently trading at the 11686 level, anticipated risks persist, indicating the possibility of future downside. OCBC’s FX analysts suggest monitoring these developments closely as they may impact long-term trading strategies. As market dynamics evolve, staying informed will be crucial for traders involved in EUR/USD.