United Overseas Bank maintains a bullish outlook for EUR/USD, targeting 1.1800 amid positive technical indicators and support at 1.1630.
United Overseas Bank (UOB) analysts remain constructive on EUR/USD, forecasting further gains toward 1.1725 in the near term as long as support at 1.1630 holds. The pair recently consolidated around 1.1660 after testing 1.1710 last week, closing modestly lower at 1.1662.
Over a 1-3 month horizon, UOB highlights a decisive technical break and a positive weekly MACD, suggesting potential targets at 1.1800 and 1.1850. The analysts note that the pair’s recent range-trading between 1.1650 and 1.1685 offers no fresh directional clues but maintain their bullish bias.
No immediate market reaction was specified, though the outlook remains focused on upside momentum if key support levels are preserved.