Title: EUR/USD Outlook: Key Support at 1.1470 Expected to Hold – UOB Analysis
Original source: FXStreet
Original Author: FXStreet News Team
Publication Date: November 24, 2025
Link: [EUR/USD: Major support at 1.1470 is unlikely under threat – UOB Group](https://www.fxstreet.com/news/eur-usd-major-support-at-11470-is-unlikely-under-threat-uob-group-202511241117)
The EUR/USD currency pair continues to exhibit relative stability despite recent market volatility, according to a market analysis report published by the United Overseas Bank (UOB) Group. The report released on November 24, 2025, presents a cautiously optimistic outlook on the Euro, suggesting that the major support level at 1.1470 is expected to remain intact in the near term.
Below is an in-depth overview of UOB’s latest technical analysis alongside additional context from the foreign exchange (Forex) market to help traders understand the current dynamics shaping EUR/USD.
Overview of UOB’s Position on EUR/USD
The FX Strategy team at UOB has recently updated its short-term and medium-term forecasts for the EUR/USD currency pair. Their analysis suggests a neutral position going forward, anchored by the view that the 1.1470 support level is unlikely to be breached barring any drastic macroeconomic shift.
Key highlights from UOB’s analysis include:
– A neutral bias has been maintained on EUR/USD for the immediate term
– Price action has not shown strong momentum to suggest a shift toward a bearish trend
– The major support level at 1.1470 is identified as a critical technical floor unlikely to come under immediate threat
– No significant directional movement is expected unless the currency pair firmly breaches key resistance or support levels
Technical Outlook
Forex strategists at UOB base their viewpoint on a combination of technical indicators and historical chart patterns, which currently suggest a consolidation phase in the currency pair. According to their analysis, EUR/USD is trading within a relatively narrow band as investors await fundamental triggers.
Here is a summary of key technical components referenced by UOB analysts:
– Resistance Zone: The pair faces immediate resistance in the 1.1625 region. A sustained movement above this area could foster bullish momentum.
– Support Floor: The support zone remains stable at 1.1470. Any weekly close below this level could suggest weakening momentum and a potential shift in sentiment.
– Moving Averages: The 50-period and 200-period moving averages show convergence, reinforcing a neutral to mildly bullish technical structure.
– RSI (Relative Strength Index): The RSI remains within neutral territory, suggesting that EUR/USD is neither overbought nor oversold.
Short-Term Market Behavior
Short-term price action in the EUR/USD pair has been relatively muted, characterized by modest fluctuations driven by U.S. data releases, European Central Bank commentary, and broader market sentiment. Over the past few trading sessions, the pair has hovered in a tight trading range, reflecting indecision among market participants.
Factors contributing to the consolidation include:
– Limited economic data flows from the Eurozone
– Divergent expectations around future U.S. Federal Reserve policy actions
– Growing uncertainty regarding inflationary trends on both sides of the Atlantic
– Investor caution ahead of key central bank announcements
Given these elements, UOB strategists believe that the downside for EUR/USD is currently limited, and the support level at 1.1470 should serve as a sturdy barrier.
Fundamental Drivers Influencing EUR/USD
In addition to the technical analysis, UOB’s neutral outlook integrates fundamental market themes that have impacted the Euro and the U.S. Dollar in recent months. A number of macroeconomic and geopolitical factors continue to shape the outlook of major currencies, including the EUR/USD pair.
1. Divergence in ECB and Fed Monetary Policy:
– The ECB has maintained a generally accommodative policy stance, though recent rhetoric suggests a gradual shift toward
Read more on EUR/USD trading.