Analysts maintain a bullish outlook for the pair, targeting 1.1800 as long as support at 1.1615 holds.
United Overseas Bank analysts remain constructive on EUR/USD, citing recent resilience near 1.1680 and repeated tests of 1.1710. Intraday movements may see modest declines within a 1.1645–1.1700 range, but the broader technical outlook points to 1.1800 and potentially 1.1850 over the next few weeks.
The pair closed marginally higher last week, with a 0.01% gain to 1.1678 on Thursday and a near-unchanged close at 1.1679 on Friday. Analysts had previously noted that upward momentum had slowed but saw no signs of a significant pullback, expecting range-bound trading between 1.1655 and 1.1715.
The positive bias persists as long as EUR/USD holds above 1.1615, a key support level. A breach below this threshold would signal fading upside risk, but current trends suggest further gains toward 1.1725 in the near term.