Euro: Downside risks while 1.1585 holds against US Dollar – UOB

Euro: Downside risks while 1.1585 holds against US Dollar – UOB

Source: EODHD - https://www.fxstreet.com/news/euro-downside-risks-while-11585-holds-against-us-dollar-uob-202609110614
Published: Sep 11, 2026 2:14 AM

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight growing downside momentum in EUR/USD after a sharp drop to 1.1591, though they see limited scope for a sustained break below 1.1585 in the very near term.

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.