The Euro (EUR) is expected to decline towards the 1.1585 level against the US Dollar (USD) before any potential stabilization occurs. According to analysts at UOB Group, this movement may be a prelude to further weakness in the EUR, with significant support identified at 1.1560 likely to hold firm in the near term.
In the broader context, the outlook for the EUR suggests a resumption of downward momentum, signaling that traders should watch for a possible decline to the 1.1560 mark. As the exchange rate fluctuates, these technical levels are critical for forex traders looking to navigate the market effectively.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 11:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.