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fxJun 29, 2026, 9:50 AM

EUR/USD Shifts to Consolidation After Spike to 1.1434 – UOB

UOB strategist Quek Ser Leang notes EUR/USD briefly rose to 1.1434 before pulling back, with subdued momentum suggesting a consolidation range of 1.1360 to 1.1434.

EURUSD

United Overseas Bank (UOB) strategist Quek Ser Leang reports that EUR/USD has moved from a selloff phase into consolidation against the US dollar. The pair briefly spiked to 1.1434 before retreating, leaving intraday momentum subdued.

According to Leang, the euro is now expected to trade within a range between 1.1360 and the recent high at 1.1434. The shift suggests the sharp selling pressure has eased, but no clear directional bias has emerged yet.

Source: FXStreet Forex News