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fxJun 22, 2026, 6:12 AM

EUR/USD Seen Consolidating Before Further Decline: UOB

UOB analysts note that EUR/USD remains under pressure after a brief dip to 1.1416, with consolidation expected before a potential slide against the US dollar.

EURUSD

United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann highlight that EUR/USD continues to face downward pressure. The pair briefly dipped to 1.1416 before showing signs of consolidation.

According to the analysts, this consolidation phase is likely a precursor to further declines against the US dollar. No specific targets or timeframes were provided in the note.

The outlook suggests near-term weakness for the euro as the greenback retains its strength.

Source: FXStreet Forex News