Top investment managers from the UOB Group project that the Euro (EUR) will continue to show positive signs, with the potential to grow above 1.1010. However, the currency must first surpass this key level before advancing to 1.1070.
EUR Price Analysis and Forecast
In the short term, EUR is expected to trade between 1.0895 and 1.0960 as part of a consolidation phase. Recent price action saw EUR briefly dip below 1.0910 before closing at 1.0930. On a longer-term outlook, EUR remains positive but must break above 1.1010 to reach 1.1070. A breach of the strong support at 1.0855 could indicate a delay in reaching the 1.1010 level.
Overall, while EUR is currently consolidating, the potential for growth above 1.1010 remains on the horizon, with 1.1070 as the next target level for investors to watch.