Analysts see EUR/USD needing a close above 1.1565 to target 1.1600, with support holding near 1.1495.
EUR/USD retreated to 1.1524 after failing to break above 1.1560, despite multiple attempts. Analysts now see potential for further pullback but expect strong support at 1.1495 to hold in the near term.
Over the next 1-3 weeks, a close above 1.1565 could open the way toward 1.1600, while a break below 1.1495 would signal a shift into range trading. Resistance is pegged at 1.1565, with additional support at 1.1510.
Intraday, the pair faces resistance at 1.1535 and 1.1550, though momentum remains tilted toward an eventual test of higher levels if key support holds.