UOB strategists Quek Ser Leang and Lee Sue said EUR/USD rebounded strongly after an early New York-session sell-off, prompting the bank to shift from bearish to cautiously optimistic. They expect the euro to test higher resistance, but continuation d

2026-10-30

UOB strategists Quek Ser Leang and Lee Sue said EUR/USD rebounded strongly after an early New York-session sell-off, prompting the bank to shift from bearish to cautiously optimistic. They expect the euro to test higher resistance, but continuation depends on whether nearby support holds; failure to hold would likely return EUR/USD to range-bound trading rather than a sustained uptrend.