The Euro (EUR) is encountering significant resistance near the 1.1320 level against the US Dollar. Experts from UOB Group indicate that while a rise above 1.1290 seems possible, further advances towards 1.1320 remain doubtful. They stress that the Euro must decisively break the 1.1290 resistance to signal a stronger upward movement.

Traders should monitor currency momentum closely. The EUR/USD exchange rate’s performance in the coming sessions will reveal whether a breakthrough can indeed happen.