Euro: Consolidation versus US Dollar as downside momentum eases – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see EUR/USD consolidating intraday between 1.1595 and 1.1640 after a brief dip to 1.1575 failed to build downside momentum. On a 1–3 week view, a break above 1.1655 would signal that the decline from mid‑May has likely ended.