According to UOB analysts Quek Ser Leang and Lee Sue Ann, the EUR/USD has experienced a strong rebound from its low of 1.1573 after a significant selloff.
The pair's momentum remains subdued, and intraday, it is expected to stay within the range of 1.1595-1.1640.
On a one-to-three week horizon, downside risks persist towards 1.1550, but oversold conditions suggest this major support may not be tested immediately.
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