0710 GMT - EUR/USD's pullback from last week's high appears to have gathered considerable pace, based on charts, says Quek Ser Leang of UOB's Global Economics & Markets Research in a research report. The currency pair's fall over the past two sessions was the biggest two-session drop since late July, the senior technical strategist notes. Adding to the bearish momentum, the daily moving average convergence divergence indicator has turned noticeably lower, the strategist says. A key level to watch on downside is 1.1610 where two major supports converge, the rising trendline connecting May and August lows and the bottom of the daily Ichimoku cloud, the strategist adds. EUR/USD is 0.1% higher at 1.1679. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
September 26, 2025 03:10 ET (07:10 GMT)
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