0628 GMT - EUR/USD renews downward momentum, based on the daily chart, says Quek Ser Leang of UOB's Global Economics & Markets Research in a research report. After breaking below 1.1540 last Friday, the currency pair fell further to a low of 1.1478 on Tuesday, the senior technical strategist notes. This renewed downward momentum has increased the odds of EUR/USD breaking below the August low near 1.1390, the strategist says. A break below this major support would shift focus to the 55-week exponential moving average, currently at 1.1305. To sustain downward pressure, EUR/USD should stay below 1.1540, the strategist adds. EUR/USD is 0.1% higher at 1.1492, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 05, 2025 01:28 ET (06:28 GMT)
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