EUR/USD: Still expected to weaken – UOB Group
The Euro (EUR) could drop below the 1.0555 low; deeply oversold conditions suggest 1.0500 is unlikely to come under threat. In the longer run, EUR is still expected to weaken; the 1.0500 level may not come into view so soon, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
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