Quek Ser Leang, senior technical strategist at UOB's Global Economics & Markets
Research, said EUR/USD's downtrend since early September may have ended. The
extended rebound through last Friday; the daily MACD has turned positive for the
first time since early September and the daily RSI is recovering from deep
oversold. He described the move as an early-stage corrective rebound that could
extend toward the 21-day EMA at 1.1280.