EUR/USD: Likely to trade in a range between 1.1280 and 1.1400 – UOB Group

FXStreetApr 15, 2025 8:35 AM

View all comments（0）



Euro (EUR) is likely to trade in a range between 1.1280 and 1.1400 vs US Dollar (USD). In the longer run, further EUR strength is not ruled out, but it may first range-trade for a couple of days, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Further EUR strength is not ruled out

24-HOUR VIEW: "Following the sharp rally in EUR last Friday, we indicated yesterday (Monday) that 'the rally may take a pause.' We were of the view that EUR 'is likely to trade between 1.1240 and 1.1415.' EUR then traded in a narrower range than expected (1.1295/1.1424), closing slightly lower by 0.10% at 1.1349. We continue to expect EUR to trade in a range today, likely between 1.1280 and 1.1400."

1-3 WEEKS VIEW: "The next resistance is at 1.1500. The following are the excerpts from our update yesterday (14 Apr, spot at 1.1340: 'While further EUR strength is not ruled out, deeply overbought short-term conditions could lead to a couple of days of range-trading first. As long as 1.1180 (‘strong support’ level) is not breached, the EUR strength that started early this month could extend to 1.1500.' Our update remains valid, but the ‘strong support’ level has moved higher to 1.1210 from 1.1180."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Why Is Alphabet (GOOGL) Selling Off After a Record $9.11 EPS Beat?

TradingKey - Alphabet reported EPS of $9.11, Cloud growth of 82%, and revenue of $119.8B in Q2 2026 - all records. So why is GOOGL selling off? Capex doubled to $44.9B and the EPS beat was mostly unrealised gains. Here is what actually happened.

Japan and South Korea Stocks Open Stronger, KOSPI Rises Over 3%, SK Hynix and Samsung Electronics Lead

TradingKey - During early Asian trading on July 23, Japanese and South Korean stock markets continued the rebound momentum from the previous session. Both major indices opened higher, with the KOSPI rising 3.41% and the Nikkei 225 up more than 0.5%.

Google Q2 Cloud Revenue Surges 82%: Net Profit Soars 298% YoY, 26% QoQ Capital Expenditure Growth Sparks Sharp Bull-Bear Divide

TradingKey - Alphabet (GOOGL, GOOG) released its second-quarter 2026 financial results after the close of U.S. markets on July 22, Eastern Time. As of press time, Google’s revenue for the period reached $119.796 billion, up 24% year-over-year (23% on a constant currency basis), exceeding market expectations of $116.93 billion. This marks the company's 12th consecutive quarter of double-digit revenue growth. Notably, Google Cloud performance was a highlight, with revenue surging 82% year-over-year to $24.8 billion.

Western Digital (WDC) Surges 12.5% to $548 - Kioxia Merger Talks, $900 Analyst Target

TradingKey - Western Digital surged 12.5% to $548 today as memory stocks rebounded and Kioxia merger talks resumed. HDD production is sold out through 2026. Cantor Fitzgerald targets $900, Citi $800. Earnings August 5. Here is the setup.

Alphabet Q2 Earnings Preview: $190 Billion AI Gamble Faces Major Test, Can Google Cloud Still Sustain the Growth Myth?

TradingKey - Alphabet (GOOGL) (GOOG) will release its second-quarter 2026 financial results after the U.S. market close on July 22. As one of the world's most valuable technology companies by market capitalization, Alphabet’s business spans multiple sectors including search advertising, YouTube, Google Cloud, generative AI, and autonomous driving. Its earnings performance not only impacts its own stock price but is also regarded as a crucial bellwether for the global AI investment cycle.

Featured Tools