EUR/USD remains trapped in a consolidation pattern as recent gains fail to hold, with UOB analysts identifying 1.1135 as the key support level to watch in the short term.
UOB notes EUR/USD rebounded but failed to sustain gains, keeping consolidation with support at 1.1135.
The EUR/USD pair continues to trade within a consolidation phase after failing to sustain recent upward momentum. Analysts at United Overseas Bank indicate that the pair lacks the necessary strength to break out, keeping the 1.1135 level as a critical support floor for the immediate term.
The outlook remains neutral with the pair in a consolidation phase, as recent attempts to rally have failed to gain traction.