Analysts expect EUR/USD to trade between 1.1360 and 1.1450 for 1-3 weeks, with risks tilted lower but key support holding.
EUR/USD retreated after testing 1.1460, with downward momentum building but major support at 1.1360 unlikely to break soon. UOB analysts forecast a 1.1360–1.1450 range for the next 1-3 weeks, citing resistance at 1.1420 and minor support at 1.1375.
The pair previously peaked at 1.1449 last Thursday before slipping to 1.1413 by Friday’s close. A breach below 1.1390–1.1410 could target 1.1210 over a multi-week horizon, though near-term downside appears limited.
EUR opened lower today, reflecting increased bearish pressure, but analysts note the 1.1360 support remains a tough barrier to crack in the immediate term.