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Forex

EUR/USD Breaks Above $1.1565 or Stays Range-Bound

Guavy AI Editorial Team
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EUR USD
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The euro's upside bias against the US dollar remains conditional on a break above 1.1565, according to United Overseas Bank (UOB) Group's foreign exchange strategists.

In their latest analysis, UOB notes that the EUR/USD pair is trading near the 1.15 handle with immediate resistance at 1.1565.

A decisive move above this level would confirm a sustained upward momentum, while failure to break higher may lead to a retest of the lower end of the current range.

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