EUR/USD Shows Potential for Further Strength, Says UOB Group
January 30, 2026 — FXStreet
Analysts at UOB Group, namely Quek Ser Leang and Lee Sue Ann, have indicated a bullish outlook on the EUR/USD currency pair, suggesting that it may experience additional upward momentum in the near term.
According to their analysis, the euro-dollar rate could potentially rise to the 1.2150 level, provided that the critical support level at 1.1890 remains unbroken. The report emphasizes that this support level is pivotal in maintaining the current upward trend.
In the immediate future, UOB Group expects EUR/USD to fluctuate within a trading range between 1.1920 and 1.2000. The analysts note that while the rapid ascent of the euro has somewhat decelerated, the positive momentum persists as long as the 1.1890 support holds firm.
Key Insights from UOB Group’s Analysis:
- The sharp recent spike in the euro’s value suggests potential for further gains.
- Maintain optimism about EUR/USD strength as long as support at 1.1890 does not falter.
- Near-term trading is expected to be within a narrow range of 1.1920 to 1.2000.
- A possible target price of 1.2150 may be reached if bullish conditions continue.
This perspective comes amid ongoing market volatility influenced by geopolitical and macroeconomic factors, including trade tensions and central bank policies. The analysis was prepared with the assistance of artificial intelligence tools and reviewed by an editorial team to ensure accuracy.
Investors and traders following EUR/USD will likely monitor the 1.1890 support level closely, as a break below could signal a change in trend, while sustaining above it may pave the way for further gains toward the 1.2150 target.
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