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fxAug 12, 2026, 6:23 AM

Euro Upside Capped by Dollar Resistance, UOB Analysts Say

EUR/USD is trading around 1.1540 after a quiet session, with UOB analysts noting flat momentum and a near-term consolidation range of 1.1530-1.1560. A break above 1.1560 could trigger a quick move higher.

EURUSD

EUR/USD is holding near the 1.1540 level following a subdued trading session, according to UOB strategists Quek Ser Leang and Lee Sue Ann. Momentum indicators are showing little directional bias.

The pair is seen consolidating within a tight band between 1.1530 and 1.1560 in the near term. A decisive break above 1.1560 resistance could catalyze a swift move higher, the analysts noted. The path of least resistance remains sideways for now.

Source: FXStreet Forex News