Greece Industrial Production (YoY): 2.6% (November) vs previous 6.4%

Oversold Euro (EUR) decline could test 1.1635 before a more sustained recovery is likely. In the longer run, bias for EUR remains on the downside; it remains to be seen if 1.1615 will come into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.