The Euro (EUR) is likely to weaken further against the US Dollar (USD). However, any decline is unlikely to break the significant support at 1.1055. According to UOB Group’s FX analysts Quek Ser Leang and Peter Chia, the Euro is under pressure in the longer run. They emphasize that it remains to be seen whether the current corrective pullback can reach 1.0945. Market participants should keep a keen eye on this pivotal level as it could dictate future movements in the EUR/USD pair.