United Overseas Bank forecasts further gains for the euro against the dollar, targeting 1.1725 over the next 1-3 weeks.
EUR/USD held recent gains at 1.1685, trading between 1.1655 and 1.1715 intraday. UOB analysts see potential for further upside toward 1.1725 in the coming weeks, citing sustained upward momentum since early this week.
The pair previously rallied to 1.1679 before consolidating, with a close at 1.1678. While momentum has slowed, a break below 1.1615 would signal fading upward pressure. Near-term support levels remain at 1.1655, with resistance at 1.1715.
Beyond 1.1725, the next significant resistance level is identified at 1.1790. The outlook remains constructive as long as the pair stays above key support thresholds.