United Overseas Bank analysts forecast further gains for the Euro against the US Dollar after a surge to 1.1585.
EUR/USD climbed to 1.1585, reinforcing a stronger tone for the Euro against the US Dollar. The move follows recent intraday momentum, with analysts targeting a near-term high of 1.1590.
Prior resistance levels were breached as the pair extended its rally. The next key level is seen at 1.1610, though it remains a stronger hurdle for further gains.
No immediate market reaction was specified, but the bias suggests continued upward pressure in the short term.