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fxAug 18, 2026, 6:11 AM

Euro Needs Confirmation Above 1.1615 Against Dollar, UOB Says

EUR/USD briefly cleared major resistance around 1.1610-1.1614 but faded, keeping the near-term consolidation intact, according to UOB.

EURUSD

EUR/USD briefly pushed above the major resistance zone at 1.1610 to 1.1614 before fading, according to UOB foreign exchange strategists Quek Ser Leang and Lee Sue Ann. The failed break left the euro in a near-term consolidation range rather than confirming a directional move higher.

UOB said an upside bias needs confirmation above 1.1615 against the US dollar. Without a sustained move through that level, the pair is likely to stay rangebound, with support around 1.1560.

Key levels highlighted by the bank:

  • Support: around 1.1560.
  • Resistance/confirmation: above 1.1615.

The overall tone remains neutral while EUR/USD is confined between these levels.

Source: FXStreet Forex News