{
  "id": 2960608,
  "title": "Euro: Upside room toward 1.1800 against US Dollar – UOB",
  "url": "https://urgent.news/2026/08/24/euro-upside-room-toward-1-1800-against-us-dollar-uob",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T06:05:42.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-upside-room-toward-11800-against-us-dollar-uob-202608240605"
  },
  "original_language": "en",
  "account": "UOB analysts Quek Ser Leang and Lee Sue Ann maintain a positive outlook on EUR/USD, which has been trading near the 1.1680 level and tested 1.1710 twice. In the short term, they anticipate modest easing within the 1.1645–1.1700 range. Over the next few weeks, they anticipate scope toward 1.1725, with a broader technical roadmap pointing to 1.1800 and then 1.1850. The 1.1615 level remains a key level to watch. Over the past 24 hours, EUR rose to 1.1710, then eased to close marginally higher at 1.1678. On Friday, it tested 1.1685, and analysts noted that while upward momentum has slowed, a significant pullback is premature. EUR is expected to range-trade between 1.1655 and 1.1715. Today, EUR could potentially ease further, but any decline should remain within the 1.1645/1.1700 range. Analysts have also highlighted that EUR has room for further upside toward 1.1725 over the next 1-3 weeks. A breach of the 1.1615 level would indicate fading upside risk for EUR. The GBP/USD pair opened the week with a positive bias, hovering around the mid-1.3600s, and remains close to its highest level since February 11. The fundamentals support bullish traders, and the case for extending a nearly one-month-old uptrend remains strong. EUR has been stronger for four consecutive trading days, with the US Dollar struggling under pressure from new United States fiscal moves. The Treasury Department announced a plan to double its buybacks of longer-dated government debt to curb rising bond yields. Gold also reached a three-month high above $4,600, benefiting from the US Dollar's weakness due to the Treasury's buyback plan amid trade tensions.",
  "summary": "United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive view on EUR/USD after the pair held near 1.1680 and tested 1.1710 twice.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar: Momentum builds toward 0.7200 against US Dollar – UOB",
        "url": "https://urgent.news/2026/08/24/australian-dollar-momentum-builds-toward-0-7200-against-us-dollar-uob",
        "published": "2026-08-24T09:48:52.000Z"
      }
    ]
  },
  "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."
}