UOB analysts forecast EUR/USD intraday range of 1.1515–1.1550, citing consolidation after a brief spike and firmer underlying momentum.
EUR/USD is consolidating within a tighter intraday range of 1.1515 to 1.1550, according to recent analysis. The pair briefly spiked to 1.1562 before pulling back, settling at 1.1527 after a modest gain of 0.03% yesterday.
Over the next 1–3 weeks, the Euro is expected to remain in a broader range-trading phase between 1.1480 and 1.1580. A sustained rebound would require a break above 1.1560–1.1565, which has not yet materialized.
The underlying tone has firmed slightly, but momentum remains subdued, limiting significant moves in either direction for now.