EUR/USD bullish toward 1.1755

📈 EUR/USD Analysis – Bullish Outlook Toward 1.1755 Resistance

According to the latest assessment from UOB Group analysts, strength in the Euro against the US Dollar remains on the table. Current price structure suggests that in the short‑ to medium‑term, the pair has room to gradually move toward the key resistance level at 1.1755.

🔍 Key Analysis Points

• 24‑Hour View: After surpassing the 1.1730 high and closing around 1.1704, overbought conditions and slowing upward momentum have emerged; however, the scenario for a limited rise toward the 1.1755 resistance remains intact.
• Key Supports: Initial support is seen at 1.1685, with 1.1670 marking the threshold for a shift into a neutral range‑trading phase.
• 1‑ to 3‑Week View: The recent shift in stance from “positive” to “neutral,” combined with a sustained hold above 1.1705, could pave the way for gradual gains. Medium‑term strong support is now set at 1.1645.

📊 Potential Market Implications

• Euro: Holding current supports and sustaining a break above 1.1705 could reinforce buying interest and open the path toward 1.1755.
• US Dollar: A lack of strong catalysts from US economic data or Federal Reserve policy may keep near‑term pressure on the Dollar.
• Bond Market: Euro stability may coincide with softer US short‑term yields.
• Risk Assets: A neutral‑to‑mildly bullish tone in EUR/USD often aligns with improved risk appetite.

🛠 Trading Recommendations

• Position Management: The bullish scenario remains valid as long as the price stays above 1.1685.
• Resistance Confirmation: A daily close above 1.1705 could signal entry into the next upward wave.
• Risk Control: A break below 1.1670 could prompt a return to range‑bound trade and reduced bullish momentum.