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Further EUR weakness expected - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group suggest that EUR/USD should weaken further in the medium-term.

Key Quotes


"The mid-term bearish outlook is still intact and we continue to expect further EUR weakness towards the strong support at 1.2420."

"Oversold short-term indicators could lead to rebound but a move above the key resistant at 1.2640 appears unlikely for the next one week or so."

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