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Posted by
Two Blokes Jul 29 -
Filed in
Forex
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6 views
Outsized drop appears excessive, but there is a chance for EUR to test the 1.1540/1.1555 support zone before stabilisation can be expected. In the longer run, strong surge in downward momentum suggests EUR is likely to break the 1.1540/1.1555 support zone; the next level to watch is 1.1500, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
