UOB analysts expect EUR/USD to trade between 1.1360 and 1.1434 after intraday momentum weakened following a failed breakout.
EUR/USD briefly touched 1.1434 before retreating, signaling subdued intraday momentum. The pair is now expected to consolidate within a 1.1360 to 1.1434 range after the failed upside attempt.
The move follows a recent selloff, with the pair struggling to sustain gains above key resistance levels. Prior sessions saw limited directional bias, reflecting broader market uncertainty amid mixed economic signals.
No immediate market reaction was reported, though traders may monitor the range for potential breakout opportunities.