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Euro: Range phase caps recent advance against US Dollar – UOB
The Euro has entered a range-bound phase, limiting its recent ascent against the US Dollar amid a backdrop of overall neutral sentiment in the FX market. Despite a current spot of 1.1446, forecasts suggest potential appreciation, with a median target of 1.1700 across several firms by March 2026. The significance lies in the market's hesitance to break above resistance levels despite favorable conditions, reflecting cautious positioning ahead of upcoming economic data releases.