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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid a lack of major economic catalysts, UBS analysts project a range-bound outlook for the EUR/USD pair with a slight upside bias toward the 1.20 level. The pair is currently trading at 1.1643, showing signs of stabilization after pulling back from May highs that approached 1.18. According to reports, the currency has broadly maintained a trading range between 1.15 and 1.20 for much of the past year, reflecting a period of technical consolidation.
This stability comes as EU Trade Balance data showed a surplus of 7.8 billion euros in May 2026, exceeding forecasts of 5.4 billion per market data. In comparison to peer currencies, the Euro faces mixed pressures; while Eurozone CPI inflation held steady at 2.2% YoY in line with expectations, neighboring UK data showed inflation cooling to 2.8%, placing the Euro's movements within a regional context of decelerating price pressures.
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Sign InLooking ahead, EUR/USD stood at 1.1643 (close May 25, 2026), with the 1.15 level acting as a firm technical support based on last year's lows. Traders are closely watching the release of the FOMC Minutes on May 20, 2026, for clues on US monetary policy, alongside a speech by Fed Governor Waller, which could determine if the pair tests the 1.20 resistance or remains constrained within its current range.