The EUR/USD currency pair remains under pressure, with analysts from UOB Group highlighting that a sustained break and close below the key level of 1.1615 is necessary for further downside momentum. Should this pivotal support level fail to hold, traders may anticipate a move towards the next target at 1.1585.
The current exchange rate dynamics reflect ongoing risk sentiment in the market, influenced by broader economic indicators and monetary policy expectations. As the euro struggles to maintain its position against the USD, market participants are closely monitoring these levels for potential trading opportunities, which could signal shifts in market sentiment and impact future trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 11:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.