According to UOB, the EURUSD pair could potentially decline to the 1.0865 level after reaching 1.09393.

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EURUSD Chart by TradingView

Further downside could see EUR/USD retreat to the 1.0860 region in the next few weeks, note UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.

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