EUR/USD Eyes Potential Retest of 1.1495 Amid Mixed Momentum

EUR/USD Outlook: Possible Retest of 1.1495 Level

The EUR/USD currency pair shows potential to retest the 1.1495 level or even break slightly above it, although weakening momentum suggests that surpassing the next resistance at 1.1530 is unlikely in the short term.

24-Hour Market View

Two days ago, the Euro dipped to 1.1356 before recovering. Yesterday, it rallied strongly to nearly hit 1.1495 (high of 1.1494) but then retreated to close at 1.1444, up 0.24%. Despite the decelerating upward momentum, a retest of 1.1495 remains possible. However, any advance beyond this point is expected to stall before reaching 1.1530. Immediate supports are found at 1.1425 and 1.1395.

1–3 Week Technical Outlook

According to the latest update from UOB Group, the outlook remains positive as long as the strong support near 1.1365 (previously 1.1345) holds. While EUR/USD came close to 1.1495, a clear break above 1.1530 is yet to be confirmed. The pair may continue trading higher if support holds but must demonstrate stronger momentum to surpass key resistance.

Key Levels to Watch:

LevelType1.1530Major Resistance1.1495Resistance1.1425Support1.1395Support1.1365Strong Support

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