EUR/USD remains under pressure as UOB strategists identify a potential path toward 1.1140, provided the pair stays below the 1.1265 resistance threshold.
UOB strategists Quek Ser Leang and Lee Sue Ann observe that EUR/USD is facing renewed selling pressure after a recent dip to 1.1164. The pair remains in a vulnerable position, with analysts suggesting that downside risks persist as long as the resistance level at 1.1265 remains unbroken.
The resistance level is identified near 1.1265.
Strategists indicate potential downside risks toward the 1.1140 level.
The Euro faces renewed selling pressure against the US Dollar, closing at 1.1195 after touching a low of 1.1164. UOB strategists maintain a bearish outlook, noting that the currency pair remains vulnerable to further declines as long as it fails to breach the critical resistance level at 1.1265.
The outlook remains bearish, with analysts suggesting the pair is vulnerable to further declines toward 1.1140 as long as it trades below 1.1265.