EUR/NOK nears key 12.06/12.13 resistance – Société Générale

EUR/NOK is testing a major resistance zone near 12.06/12.13, with past attempts to break higher unsuccessful, leaving 11.73 as the key level to watch on the downside, Société Générale's FX analysts note.

Multiple failures highlight resistance strength

"EUR/NOK is gradually approaching the upper boundary of its established range since 2023, situated at 12.06/12.13. The pair has failed to decisively break above this hurdle on multiple occasions."

"Should upward momentum falter near this resistance zone, a short-term pullback remains possible. The recent pivot low at 11.73 serves as an important support. A failure to hold above 11.73 could increase the risk of a deeper decline."

Aug 14, 2025

DXY: Bias for downside play – OCBC

USD continued to trade under pressure, as Fed fund futures shifted to fully price in a 25bp cut at the Sep FOMC. Treasury Secretary Scott Bessent said on Bloomberg TV interview that 'We could go into a series of rate cuts here, starting with a 50bp cut in September'.

EUR/USD: There is scope for EUR to rise toward 1.1755 – UOB Group

Further Euro (EUR) strength is not ruled out; any advance is unlikely to threaten the resistance at 1.1755. In the longer run, price action suggests there is scope for EUR to rise toward 1.1755, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.