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Senior Analyst at Danske Bank Morten Helt still sees room for the pair to re-test YTD lows in sub-1.1300 levels.

Key Quotes

“Significant rebound in EUR/USD yesterday after the cross was rejected close to this year’s low just above the 1.13 mark as USD strength faded on US manufacturing PMIs coming in on the weak side, and as US-China trade talks progressed”.

“We still look for year lows to be tested and this could be on the cards already today if US earnings prove strong”.