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EUR/USD: Mild downside risks – OCBC

Euro (EUR) eased below 1.14-handle in morning trade as US Dollar (USD) saw a mild rebound. Last seen at 1.1399 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Euro can revert to trading withing the 1.12-1.15 range

"Mild bullish momentum on daily chart is fading while RSI fell. Near terms risks skewed to the downside. Support at 1.1320 (21 DMA), 1.1235 (23.6% fibo retracement of 2025 low to high). Immediate resistance at 1.1420/30 levels before 1.15, 1.1570 levels (2025 high)."

"EUR needs to break out of recent high for momentum to carry on. Failing which, it may well revert to trading 1.12 – 1.15 range."

AUD/JPY Price Forecast: Tests psychological 94.00 support near nine-day EMA

AUD/JPY edges lower after registering gains in the previous three consecutive sessions, trading around 94.10 during European hours on Tuesday. As per the technical analysis of the daily chart, the currency cross remains within an ascending channel pattern, confirming a sustained bullish bias.
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USD/CHF hesitates above 0.8200 with markets awaiting trade news

The US Dollar is practically flat against the Swiss Franc on Tuesday.
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