Euro (EUR) eased beneath 1.14-handle in morning commerce as US Greenback (USD) noticed a gentle rebound. Final seen at 1.1399 ranges, OCBC’s FX analysts Frances Cheung and Christopher Wong be aware.
Euro can revert to buying and selling withing the 1.12-1.15 vary
“Gentle bullish momentum on each day chart is fading whereas RSI fell. Close to phrases dangers skewed to the draw back. Assist at 1.1320 (21 DMA), 1.1235 (23.6% fibo retracement of 2025 low to excessive). Quick resistance at 1.1420/30 ranges earlier than 1.15, 1.1570 ranges (2025 excessive).”
“EUR wants to interrupt out of current excessive for momentum to hold on. Failing which, it could nicely revert to buying and selling 1.12 – 1.15 vary.”
