EUR/USD clings to the consolidative theme near term – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “Yesterday, we stated that EUR ‘is likely to trade with a downward bias but it is unlikely to challenge the major support at 1.0800’. In London trade, EUR dropped sharply but briefly to 1.0800 before rebounding. EUR appears to have moved into a consolidation phase and it is likely to trade between 1.0815 and 1.0900 today.”
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