EUR/USD: Chance for Euro to test 1.1560 – UOB Group

FXStreet Insights Team FXStreet

There is a chance for Euro (EUR) to test 1.1560; the major support at 1.1540 is unlikely to come into view. EUR is expected to trade in a range between 1.1540 and 1.1640, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR is expected to trade in a range

24-HOUR VIEW: "EUR edged to a low of 1.1581 on Monday. Yesterday, Tuesday, we held the view that 'the slight increase in downward momentum suggests EUR could continue to edge lower'. However, we pointed out that 'any decline is likely limited to a test of 1.1570'. We also pointed out that 'the next major support at 1.1540 is not expected to come into view'. We were not wrong, as EUR dipped to a low of 1.1570. The downward momentum remains slightly soft, and today, there is a chance for EUR to test 1.1560. The major support at 1.1540 is still unlikely to come into view. On the upside, resistance levels are at 1.1595 and 1.1610."

1-3 WEEKS VIEW: "We revised our view to neutral yesterday (18 Nov, spot at 1.1590). We indicated that EUR “is expected to trade in a range between 1.1540 and 1.1640.” There is no change in our view."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

GBP/USD slips back below 1.3200

GBP/USD remains well on the defensive, sliding to the sub-1.3200 area once again on Tuesday. Cable’s decline comes as investors assess the political uncertainty in the UK, coupled with softer-than-expected UK PMI data and the better tone in the Greenback.

EUR/USD breaks below 1.1400 to hit fresh 2026 lows

EUR/USD comes under fresh and strong selling pressure on Tuesday, slipping below 1.1400 to its weakest level since June 2025. Mixed PMIs readings from Germany and the Eurozone offered little support to the single currency, while a risk-off tone across markets and stronger-than-expected US data boosted demand for the US Dollar.

Gold drops to multi-day lows, focus is now on $4,000

Gold rapidly reverses Monday's bounce and is trading sharply lower on Tuesday. The yellow metal, however, manages well to keep business above the $4,100 mark per troy ounce despite a firmer US Dollar and expectations that the Fed will keep rates higher for longer.

MiCA regulations could be the next bullish catalyst for crypto – Georg Harer, co-CEO at Bybit EU

The cryptocurrency market is losing momentum and liquidity due to the lack of a bullish catalyst. In an exclusive interview with FXStreet, Georg Harer, co-CEO at Bybit EU, says that the Markets in Crypto-Assets (MiCA) regulations could inject liquidity into the crypto market from traditional fund houses.

"Rearranging the deckchairs on the Titanic": UK's fiscal crisis outlasts another Prime Minister

Keir Starmer's resignation as the UK Prime Minister comes ten years after the Brexit referendum vote, a coincidence that financial markets have been quick to note. The British Pound trades around 1.3220 against the US Dollar on Thursday.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.