Euro: Downside risk hinges on 1.1110 against US Dollar – UOB

UOB strategists Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has shifted into a short-term range phase after rebounding to 1.1152. For the next 24 hours they see consolidation between 1.1120 and 1.1190. Over a 1–3 week horizon, a sustained decline requires a break and close below 1.1110, while a corrective recovery could eventually extend above the 21-day EMA at 1.1280.