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EUR/USD: the euro should consolidate on the forex during today's intraday session (UOB)

UOB believes that the EUR/USD will consolidate on the forex today.
"Although we were expecting the 1.1620 resistance to hold, the rapid EUR/USD pullback from a peak at 1.1610 was not expected.
The peak at 1.1610 is considered a short-term top, and the current movement is seen as part of a consolidation phase.
We believe that the EUR/USD will move laterally or slightly downward."
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