UOB analysts expect the pair to trade between 1.1595 and 1.1640 after downside momentum stalled at 1.1575.
EUR/USD is consolidating between 1.1595 and 1.1640 after a drop to 1.1575 failed to gain further traction, easing near-term selling pressure. The pair had declined from mid-May highs before stabilizing at current levels.
Analysts note that a break above 1.1655 over the next 1-3 weeks could signal the end of the recent downtrend. The range reflects a pause in momentum rather than a clear directional shift, with traders awaiting fresh catalysts.
No immediate market reaction was reported, as the consolidation remains within recent trading parameters.