Euro: Downside risk remains in focus against US Dollar – UOB

Euro: Downside risk remains in focus against US Dollar – UOB

Source: EODHD - https://www.fxstreet.com/news/euro-downside-risk-remains-in-focus-against-us-dollar-uob-202608310855
Published: Aug 31, 2026 4:55 AM

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight an unexpectedly sharp EUR/USD drop to 1.1577, with the pair closing weaker at 1.1584. They see scope for further downside but doubts a quick test of 1.1550 due to oversold conditions.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.