EUR/USD to Trade Between 1.1360 and 1.1430 in Short Term – UOB Group

EUR/USD Forecast: Short-Term Rangebound Action Expected Between 1.1360 and 1.1430 – UOB Group

Euro Stalls Below 1.1440 After Failed Breakout, UOB Analysts Still Bullish Long Term

UOB Group analysts predict that EUR/USD is likely to remain rangebound in the 1.1360–1.1430 corridor in the short term, following a sharp pullback from a recent high at 1.1441. Despite the dip, the longer-term outlook has been revised to positive.

No Clear Bearish Momentum, Range Play Expected

After EUR/USD surged to 1.1441 earlier in the week, UOB forecasted continued upside. However, the euro fell to 1.1362 the next day, prompting a revision. Still, analysts say:

“There is no substantial increase in bearish momentum… EUR is now poised to fluctuate between 1.1360/1.1430.”

This range is expected to dominate unless price breaks below key support at 1.1345, which would invalidate the positive near-term view.

Key Resistance and Support Levels to Watch

Short-Term Levels:

• Support: 1.1360, followed by 1.1345
• Resistance: 1.1430, then 1.1441

Medium-Term Bullish Targets (If support holds):

• Upside Target 1: 1.1495
• Upside Target 2: 1.1530

Related reading: EUR/USD Stalls as Inflation Misses ECB’s 2% Target

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