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fxAug 6, 2026, 6:25 AM

EUR/USD shows mild upside bias, resistance at 1.1565 ahead

UOB analysts note that EUR/USD closed at 1.1551 with mild upward momentum, eyeing a test of 1.1565 but unlikely to reach 1.1600 without stronger momentum.

EURUSD

EUR/USD extended modest gains on Monday, closing at 1.1551 according to UOB strategists Quek Ser Leang and Lee Sue Ann. The pair maintains mild upward momentum, they noted.

Intraday, the euro may test the 1.1565 resistance level. However, a push to 1.1600 is seen as unlikely without a further pickup in momentum. The overall bias remains to the upside as long as support holds.

Source: FXStreet Forex News