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Euro: Downside risks toward 1.1145 against US Dollar – UOB
The Euro is facing increased downside pressure against the US Dollar, particularly with UOB noting risks towards the 1.1145 level. This technical breakdown suggests that the selling pressure on the Euro could persist in the near term, aligning with overall bearish sentiment towards the currency. With current spot trading at 1.1253, this situation underscores significant market apprehension regarding the Euro's stability in the context of shifting economic indicators and interest rate expectations.