UOB analysts see EUR/USD testing 1.1565–1.1600 resistance if support at 1.1495 holds, following a sharp rebound from 1.1453.
EUR/USD rebounded sharply after dipping to 1.1453, with potential to extend gains toward 1.1565 intraday if it stays above 1.1495. The pair closed at 1.1527 on Friday, unchanged after a volatile session, but momentum remains skewed higher in the near term.
The currency surged 1.41% last week from a low of 1.1353, though analysts caution the rally may be overextended. A break above 1.1565 could open the door to 1.1600, while a drop below 1.1455 would weaken the bullish outlook.
Minor support is seen at 1.1510, but sustained strength hinges on holding above 1.1495 to maintain upward pressure.