0033 GMT - EUR/USD's short-term downward momentum has intensified, based on charts, says Quek Ser Leang of UOB's Global Economics & Markets Research. The currency pair broke clearly below a rising daily trendline near the 1.1645 level and tested the base of the daily Ichimoku cloud at 1.1610 on Wednesday, the senior technical strategist notes. If EUR/USD closes below 1.1610, this could spark further losses toward the 21-week exponential moving average, which is around 1.1570, the strategist says in a research report. EUR/USD is 0.1% higher at 1.1636 in the early Asian session on Thursday, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 08, 2025 20:33 ET (00:33 GMT)
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