The EURUSD currency pair is currently trading at 1.09991, and it seems that there is less downward pressure on the pair, according to UOB.

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EURUSD Chart by TradingView

In the opinion of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, the idea of further weakness in EUR/USD seems to be losing the grip for the time being.

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