UOB analysts say a daily close above 1.1565 resistance could signal further gains for the euro against the dollar.
EUR/USD closed at 1.1551, extending modest gains as mild upward momentum persists. UOB analysts note the pair may test 1.1565 intraday but see 1.1600 as unlikely without stronger momentum.
The euro faces key resistance at 1.1565, with support holding at 1.1495. A sustained break above 1.1565 could pave the way for a move toward 1.1600 over a 1-3 week horizon.
Downside risks emerge if the pair breaches 1.1530, which would signal fading upward pressure.