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EUR/USD: Resistance at 1.0480 is unlikely to come under threat for now – UOB Group

Potential for Euro (EUR) to rise above 1.0440; the significant resistance at 1.0480 is unlikely to come under threat for now. Current price action is part of a recovery phase that could extend to 1.0480, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

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