UOB analysts see limited downside for the euro near 1.1390, with range-bound trading expected between 1.1360 and 1.1465 in coming weeks.
EUR/USD retains a mild downside bias after breaking below the 1.1405 support level, according to recent analysis. Intraday losses are expected to test 1.1390, with resistance at 1.1430–1.1445.
The pair previously traded with an upside bias but lost momentum after dipping to 1.1402. Analysts now anticipate range-bound trading between 1.1360 and 1.1465 over the next few weeks, with a potential drop to 1.1210 if key supports fail.
Recent price action saw the euro settle at 1.1414, down 0.22% from the prior session, reflecting fading upward momentum and a shift toward consolidation.