{
  "id": 5264041,
  "title": "Euro: Downside risk persists toward 1.1550 against US Dollar – UOB",
  "url": "https://urgent.news/2026/09/03/euro-downside-risk-persists-toward-1-1550-against-us-dollar-uob",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T06:20:16.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-downside-risk-persists-toward-11550-against-us-dollar-uob-202609030620"
  },
  "original_language": "en",
  "account": "Euro (EUR) remains susceptible to downside risks near the 1.1550 level against the US Dollar (USD), according to United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann. The pair has settled in a short-term range between 1.1570 and 1.1610 following a decline to 1.1565 and a recovery to 1.1608. Analysts maintain that a breakout above 1.1630, currently viewed as strong resistance, would signal that EUR is not likely to continue declining. Over the next one to three months, medium-term targets are still centered around the 1.1800 and 1.1850 levels. On a 24-hour basis, EUR fell from 1.1624 to 1.1583, concluding at 1.1592, down 0.21%. The piece notes that while there remains room for EUR to dip below the 1.1573 low, support at the 1.1550 level appears unlikely at present.",
  "summary": "United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has shifted into short-term range trading between 1.1570 and 1.1610 after a dip to 1.1565 and rebound to 1.1608. They still see scope for a test of 1.1550 unless 1.1630 strong resistance breaks.",
  "key_points": [
    "Euro near 1.1550 against USD faces downside risks",
    "Analysts see 1.1630 as strong resistance level",
    "Medium-term targets centered around 1.1800-1.1850"
  ],
  "editors_take": "The euro's short-term range suggests ongoing vulnerability to declines, with downside risks persisting near 1.1550 against the US dollar unless it breaks above the 1.1630 resistance level.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro: Trading near 1.16 against US Dollar as yields rise – Danske Bank",
        "url": "https://urgent.news/2026/09/03/euro-trading-near-1-16-against-us-dollar-as-yields-rise-danske-bank",
        "published": "2026-09-03T07:43:16.000Z"
      }
    ]
  },
  "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."
}