UOB analysts expect the Euro-Dollar pair to trade within a tight 1.1335–1.1470 range after recent stabilization.
EUR/USD showed little directional momentum, dipping to 1.1381 before rebounding to 1.1436 and closing marginally higher at 1.1421. The pair remains confined to an intraday range of 1.1385–1.1435, offering no fresh trading signals.
Recent Euro weakness has stabilized, with UOB projecting a broader 1.1335–1.1470 trading band over the next 1–3 weeks. A break below 1.1390 or above 1.1410 could expose 1.1210, though no immediate catalyst for a breakout is identified.
Price action reflects subdued volatility, with traders awaiting clearer directional cues amid limited economic drivers.