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UOB sees EUR/USD room to rise toward 1.1800 if 1.1615 holds

The bank expects only modest intraday pullback to 1.1645–1.1700 before looking for further upside over the next few weeks.

Reported · Written up by our desk · Major Pairs

United Overseas Bank analysts Quek Ser Leang and Lee Sue Ann reiterated a constructive view on EUR/USD, noting the pair held near 1.1680 and tested 1.1710 twice.

They see modest easing during the session within 1.1645–1.1700, while maintaining a multi week outlook that still targets 1.1725 and then a technical roadmap toward 1.1800, followed by 1.1850.

In their broader technical framework, they say upside risk would fade only if EUR/USD breaks below 1.1615, which they describe as strong support.

UOB’s 24 hour read also references EUR’s recent move, rising to 1.1710 before easing to around 1.1678 at the close, and argues any decline should remain within the 1.1645 to 1.1700 range.

Latest closeEUR/USD 1.157 ▲0.4%

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