{"id":167920,"date":"2023-10-04T10:51:33","date_gmt":"2023-10-04T05:21:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=167920"},"modified":"2023-10-04T10:51:33","modified_gmt":"2023-10-04T05:21:33","slug":"eur-usd-still-risks-further-downside-uob-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-usd-still-risks-further-downside-uob-crypto-news\/","title":{"rendered":"EUR\/USD still risks further downside \u2013 UOB – Crypto News"},"content":{"rendered":"

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Extra losses appear in store for EUR\/USD<\/strong><\/a> in the next few weeks, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.<\/p>\n

Key Quotes<\/h2>\n
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24-hour view:\u00a0While we expected EUR to \u2018weaken further\u201d yesterday, we were of the view that \u201cthe support at 1.0430 is likely out of reach.\u2019 EUR then dipped to a low of 1.0447 and then closed at 1.0465 (-0.11%). While there is no clear increase in momentum, EUR could test 1.0430 today before levelling off. The next support at 1.0400 is highly unlikely to come under threat. Resistance is at 1.0485, followed by 1.0500.\u00a0<\/p>\n<\/blockquote>\n

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Next 1-3 weeks:\u00a0We continue to hold the same view as yesterday (03 Oct, spot at 1.0480). As highlighted, EUR is still in a bearish phase, and it is likely to weaken to 1.0430, potentially below 1.0400. If EUR breaks above 1.0545 (\u2018strong resistance\u2019 level was at 1.0565 yesterday, it would mean that EUR is not weakening further.\u00a0<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: Extra losses appear in store for EUR\/USD in the next few weeks, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Key Quotes 24-hour view:\u00a0While we expected EUR to \u2018weaken further\u201d yesterday, we were of the view that \u201cthe support at 1.0430 is likely out of reach.\u2019 EUR then dipped […]<\/p>\n","protected":false},"author":2,"featured_media":15582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,276,433,255,250,277,252,247,253,249,256,254],"class_list":["post-167920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-eurusd","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=167920"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167920\/revisions"}],"predecessor-version":[{"id":167921,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167920\/revisions\/167921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/15582"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=167920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=167920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=167920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}