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Euro: Upside bias within defined range against US Dollar – UOB
The euro continues to show strength against the US dollar, maintaining an upward bias within a defined range. According to UOB, this positive momentum positions EUR/USD for potential tests of resistance levels, signaling a broader awareness of macroeconomic catalysts. If gains materialize, we could see fresh challenges to established resistance, especially as market sentiment remains tilted towards the euro despite the anticipated volatility in US economic data visibility. This strengthens the case for further upward movement ahead of the ECB rate decision on September 10.