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23 May 2014
EUR/USD heaviness to persist - UOB
FXStreet (Bali) - The Market Strategy Team at UOB Group expects the EUR/USD to continue to grind lower for a potential test of support at 1.3635.
Key Quotes
"In line with expectations, EUR struggle to move lower yesterday. The weak undertone suggests that we will likely see a similar price action today wherein EUR is expected to continue to grind lower. Expect any rebound to stay below 1.3685 for a move lower to test the recent low at 1.3635."
Key Quotes
"In line with expectations, EUR struggle to move lower yesterday. The weak undertone suggests that we will likely see a similar price action today wherein EUR is expected to continue to grind lower. Expect any rebound to stay below 1.3685 for a move lower to test the recent low at 1.3635."