Analysts project the euro to strengthen against the dollar, targeting 1.1800 if support at 1.1630 holds in coming weeks.
United Overseas Bank analysts maintain a bullish outlook for EUR/USD, predicting further gains toward 1.1800 despite recent consolidation near 1.1660. The pair remains supported above 1.1630, with an intermediate target of 1.1725 in the near term.
Earlier forecasts had identified 1.1660 as a key resistance level, which the pair has since breached. The current consolidation phase follows a period of steady appreciation, with the euro trading near multi-month highs against the dollar.
No immediate market reaction was specified, but the projection suggests potential upside for the currency pair if technical levels hold.