{
  "id": 1433351,
  "title": "Euro: Upside bias targets 1.1590 against US Dollar – UOB",
  "url": "https://urgent.news/2026/08/17/euro-upside-bias-targets-1-1590-against-us-dollar-uob",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T06:08:15.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-upside-bias-targets-11590-against-us-dollar-uob-202608170608"
  },
  "original_language": "en",
  "account": "UOB's Quek Ser Leang notes that EUR/USD has risen to 1.1585, giving the Euro a stronger stance against the US Dollar. During the day, the pair may push toward 1.1590, while 1.1610 is considered strong resistance. In the coming weeks, EUR/USD is anticipated to exhibit an upside bias while staying above 1.1525, with 1.1610 being a critical milestone. Initially expecting the Euro to remain within a range last Friday, UOB highlighted that the slightly firmer underlying trend indicates it is more likely to trade within a higher range of 1.1515/1.1550. EUR did dip to 1.1524, but it rebounded during the New York session, reaching a peak of 1.1585. The swift increase may be ahead of itself; however, provided 1.1545 (minor support at 1.1555) is not crossed, EUR could climb to 1.1590. Current momentum suggests a sustained rise above this level is improbable. The major barrier at 1.1610 is unlikely to be breached.",
  "summary": "United Overseas Bank’s (UOB) Quek Ser Leang highlights that EUR/USD surged to 1.1585, leaving the Euro (EUR) with a firmer tone against the US Dollar (USD). Intraday, the pair could extend gains toward 1.1590, though 1.1610 is seen as strong resistance.",
  "key_points": [
    "Euro/US Dollar rises to 1.1585, indicating stronger Euro stance.",
    "Upside bias expected for EUR/USD, with 1.1610 as strong resistance.",
    "EUR anticipated to stay above 1.1525, targeting 1.1590 range."
  ],
  "editors_take": "The Euro's surge against the US Dollar indicates a shift to an upside bias, with potential gains capped at 1.1590 and a stronger resistance level at 1.1610.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}