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UOB notes that the immediate bias remains downward on EUR / USD.
"EUR / USD fell to a low at 1.1275 before ending the US session at 1.1288, on a low note (-0.33%).
We do not detect a significant improvement in bearish momentum. However, the immediate pressures remain downward, and EUR / USD could continue to fall over the next few days.
That said, we still think that 1.1213 is probably out of reach.
On the upside, only a move above 1.1370 would indicate that bearish pressures have eased. "
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