UOB analysts identify a bullish outlook for EUR/USD, targeting a test of 1.1250 resistance with potential for further gains toward 1.1280 if the pair sustains current momentum above the 1.1190 support floor.
UOB sees building upward momentum in EUR/USD after a sharp early Asian session rise on 4 November, with room to test resistance at 1.1250 while the pair holds above 1.1190. A close above 1.1250 could open a move to 1.1280 over the next 1–3 weeks, supporting a higher pair; the 1.1190 support and 1.1250 resistance are the key caveats.
It sees room to test resistance at 1.1250 if the pair holds above 1.1190; a close above 1.1250 could open 1.1280 over the next 1–3 weeks.
Intraday for the 1.1250 test, and 1–3 weeks for a potential move toward 1.1250 and possibly 1.1280.
United Overseas Bank analysts report building bullish momentum for the Euro against the US Dollar following a sharp rise during the Asian session. The pair is positioned to test the 1.1250 resistance level, provided it maintains support above 1.1190 in the near term.
UOB identifies 1.1190 as the critical support level and 1.1250 as the immediate resistance target, with 1.1280 as a secondary target if the pair closes above 1.1250.
The outlook covers an intraday timeframe for the 1.1250 test, with a 1-3 week horizon for a potential move toward 1.1280.