EUR/USD: Likely to consolidate between 1.1690 and 1.1770 – UOB Group

FXStreet Insights Team FXStreet

Instead of continuing to rise, EUR is more likely to consolidate between 1.1690 and 1.1770. In the longer run, risk for EUR remains on the upside; the probability of it breaking above 1.1805 is not high for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Risk for EUR remains on the upside

24-HOUR VIEW: "EUR lifted off on the open yesterday and surged to a high of 1.1768 before easing. EUR closed higher by 0.68% at 1.1724, its largest one-day gain in more than four months. The sharp rise seems excessive, and instead of continuing to rise, EUR is more likely to consolidate today, probably between 1.1690 and 1.1770."

1-3 WEEKS VIEW: "EUR opened on a soft note on Monday, but it has since rallied sharply, reaching a high of 1.1768 yesterday. While the sharp rally seems overextended, there is scope for EUR to continue to rise. However, the probability of it breaking above 1.1805, near last month’s high, is not high for now. Meanwhile, the risk for EUR remains on the upside, provided that it does not break below 1.1560 (‘strong support’ level)."

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 holds losses below 1.3550 after weak UK jobs data

GBP/USD holds losses below 1.3550 in European trading hours on Tuesday. The UK ILO Unemployment Rate held steady at 4.9% in the three months to June, against a forecast of 4.8%, while Employment Change arrived at 83K in the same period versus 147K previous. Weak UK labor data keep the British Pound under pressure, driving the pair lower.

EUR/USD flatlines below 1.1600 amid Oil-driven inflation fears

EUR/USD holds steady below 1.1600 in the European session on Tuesday, stalling the previous day's modest pullback from a two-month high. However, a modest US Dollar uptick warrants caution before positioning for the resumption of the recent recovery from the 1.1350 area, or the July monthly swing low.

Gold sticks to losses below $4,400 as USD recovers further from two-month low

Gold remains depressed below the $4,400 mark through the first half of the European session, snapping a two-day winning streak amid a broadly firmer US Dollar. Inflation risks stemming from higher oil prices back the case for at least one interest rate hike by the US Federal Reserve in 2026.

Ripple and Stellar remain under bearish pressure as corrective declines cap upside

Ripple and Stellar remain under pressure as broader market uncertainty and weak technical momentum weigh on both altcoins. XRP is hovering below the key $1 mark on Tuesday while XLM continues its corrective decline below $0.157. Meanwhile, mixed derivatives and on-chain signals indicate cautious sentiment, leaving both cryptocurrencies vulnerable to further downside.

Silver’s new era: Supply deficits meet exploding industrial demand

Silver has experienced a wild ride in 2026, but The Silver Institute President and CEO Michael DiRienzo says investors shouldn’t let the volatility obscure a much bigger story: the underlying silver market remains remarkably strong.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.