{"id":51665,"date":"2025-10-14T19:02:32","date_gmt":"2025-10-14T12:02:32","guid":{"rendered":"https:\/\/hbbgroup.net\/eur-usd-chance-of-dipping-below-last-weeks-low-of-1-1540-uob-group\/"},"modified":"2025-10-14T19:02:32","modified_gmt":"2025-10-14T12:02:32","slug":"eur-usd-chance-of-dipping-below-last-weeks-low-of-1-1540-uob-group","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/eur-usd-chance-of-dipping-below-last-weeks-low-of-1-1540-uob-group\/","title":{"rendered":"EUR\/USD: Chance of dipping below last week\u2019s low of 1.1540 \u2013 UOB Group"},"content":{"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>","protected":false},"excerpt":{"rendered":"<p>Euro (EUR) could dip below last week\u2019s low of 1.1540; a sustained decline below this level is unlikely. In the [&hellip;]<\/p>","protected":false},"author":5,"featured_media":51666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-51665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/51665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=51665"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/51665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/51666"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=51665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=51665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=51665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}