EUR USD Remains Strong Despite Possible Dip Below 1.0255
The Euro (EUR) may encounter downward pressure, but a significant decline to the critical support level at 1.0255 seems unlikely. For sustained losses to become a reality, the EUR must decisively breach this support level. Analysts Quek Ser Leang and Lee Sue Ann from UOB Group emphasize the importance of observing this threshold in the currency pair’s performance. Any movement underneath could signal further bearish trends for the Euro. However, until that happens, the Euro holds its ground, showing resilience against significant dips.