EUR/USD: Downside bias within broad range – UOB

FXStreet Insights Team FXStreet

UOB economist analysts Quek Ser Leang Lee and Sue Ann highlight that EUR/USD failed to sustain recent gains, slipping to 1.1554 as downside momentum picked up. Intraday, they see scope for a further drift toward 1.1530 while keeping 1.1480 intact as major support. Over the next one to three weeks, they expect range trading between 1.1480 and 1.1640, with medium‑term risks skewed toward a test of 1.1390.

Euro softens as downside momentum builds

"24-HOUR VIEW: Downward momentum has increased, albeit not significantly. Today, EUR could continue to edge lower to 1.1530 before a recovery can be expected. We do not expect the major support at 1.1480 to come under threat. Resistance levels are at 1.1580 and 1.1600."

"1-3 WEEKS VIEW: Yesterday, EUR dipped to 1.1554. Although our ‘strong support’ level at 1.1540 has not been breached yet, the build-up in momentum has largely faded. The current price movements are likely part of a range-trading phase. For the time being, we expect EUR to trade between 1.1480 and 1.1640."

"1-3 MONTHS VIEW: Emerging reversal signs suggest that EUR/USD could break the 55-week EMA (now at 1.1500) and test 1.1390. (dated 06 Mar 2026, 1.1610)"

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

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 clings to multi-day peaks below 1.3500

GBP/USD trades with marked gains on Friday, now giving away some gains following an earlier surpass of the key 1.3500 yardstick. Indeed, Cable gathers fresh steam amid the strong offered stance in the Greenback, all after US NFP badly missed expectations in July.

EUR/USD: Post-NFP bounce falters around 1.1580

EUR/USD reverses Thursday’s decline and trades with solid gains in the 1.1560 region, or two-month peaks, on Friday. The pair’s firm performance comes in a context of a sharp correction in the US Dollar as investors continue to assess disheartening US NFP readings.

How Wall Street rigs the game [Video]

In this week’s Live from the Vault, Andrew Maguire is joined by Peter Antico and Sean Stone to discuss the Paradigm of Money - an in-depth expose of financial market corruption, from naked shorting to the two-tier system that protects Wall Street.

XRP Price Forecast: XRP nears critical $1.00 support

Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.

Is Gold about to enter its biggest bull run since 2020?

Gold has stormed back into the spotlight and its next move could leave late buyers chasing. On August 5, the yellow metal surged almost 7% – roughly $174 – to close near $4,308 an ounce, posting one of its biggest daily advances in recent history. A weaker U.S dollar, falling Treasury yields, changing Federal Reserve expectations and renewed safe-haven demand all struck at once.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.