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EUR/USD: the euro likely to consolidate its recent gains and remain near highs (UOB)

UOB thinks that the EUR/USD should consolidate near its recent highs today.
"While the strong EUR/USD rally at the end of last week is clearly in overbought territory, it is still too early to anticipate a significant pullback.
The EUR/USD is more likely to consolidate recent gains and move horizontally near the top."
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