{
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    "date": "2025-10-14T19:02:32",
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        "rendered": "EUR\/USD: Chance of dipping below last week\u2019s low of 1.1540 \u2013 UOB Group"
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        "rendered": "<div id=\"post-content-section\">\n<p>Euro (EUR) could dip below last week\u2019s low of 1.1540; a sustained decline below this level is unlikely. In the longer run, the likelihood of EUR reaching the 1.1490 during this phase of weakness is decreasing, UOB Group&#8217;s FX analysts Quek Ser Leang and Peter Chia note. <\/p>\n<h2>Sustained decline below 1.1540 is unlikely<\/h2>\n<p>24-HOUR VIEW: &#8220;EUR fell to a low of 1.1555 last Friday and then rebounded strongly. Yesterday, Monday, we stated that &#8216;while there is scope for the rebound to extend, there does not appear to be sufficient momentum to reach 1.1655.&#8217; Our view turned out to be incorrect, as rather than rebounding, EUR fell to a low of 1.1556. Downward momentum is increasing, but not significantly. Today, EUR could dip below last week\u2019s low of 1.1540, but based on the current momentum, a sustained decline below this level is unlikely. We do not expect the major support at 1.1490 to come into view. Resistance is at 1.1580; a breach of 1.1600 would indicate that the current mild downward pressure has eased.&#8221; <\/p>\n<p>1-3 WEEKS VIEW: &#8220;Last Friday (10 Oct, spot at 1.1565), we stated that &#8216;the <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor>outlook<\/a> for EUR remains negative, and it could decline further toward 1.1490.&#8217; After EUR subsequently rebounded, we highlighted yesterday (13 Oct, spot at 1.1610) that &#8216;downward momentum is slowing, and the likelihood of EUR reaching 1.1490 during this phase of weakness is decreasing.&#8217; We continue to hold the same view. Overall, only a breach of 1.1645 (\u2018strong resistance\u2019 level previously at 1.1655) would indicate that the weakness in EUR from early last week has stabilised.&#8221;<\/p>\n<\/div>",
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