UOB analysts see limited upside for EUR/USD, forecasting a 1.1360–1.1450 range over the next one to three weeks.
EUR/USD showed modest upward momentum, with potential to retest 1.1450, though a sustained break higher remains unlikely. Intraday support is pegged at 1.1420, with a drop below 1.1405 signaling easing pressure.
The pair has traded between 1.1360 and 1.1450 in recent sessions, with momentum indicators flattening. A break above 1.1450 may lead to a broader range rather than a strong rally, while a breach of 1.1390/1.1410 could target 1.1210 longer term.
Recent price action saw EUR/USD recover to close at 1.1428 after dipping to 1.1390 earlier in the week. The lack of clear momentum suggests range-bound trading is likely to persist.