UOB analysts see a close above 1.1565 in EUR/USD as a trigger for a potential move toward 1.1600.
EUR/USD consolidates after a sharp rise and failed attempt to sustain gains above 1.1558. Intraday trading is expected between 1.1485 and 1.1540, with a close above 1.1565 potentially opening the path to 1.1600.
Last week, the Euro rose 1.41%, but momentum stalled near 1.1565 resistance. Analysts maintain a bullish outlook contingent on holding above 1.1455 support, unchanged from prior assessments.
Current price action suggests a consolidation phase, with key levels closely watched for directional cues.