EUR/USD: 2-way trades are likely – OCBC

Euro (EUR) continued to trade subdued. Pair was last at 1.1645 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Recent range between 1.1580 and 1.1700 to hold

"Daily momentum and RSI indicators are not showing a clear bias for now. 2-way trades likely. Support here at 1.1630/40 levels (21, 50 DMAs) and 1.1570 levels. Resistance at 1.1730, 1.18 levels. We look for recent range in 1.1580 – 1.1700 to hold. EUR’s directional bias in the near term is largely dependent on USD and Powell’s comments."

Aug 21, 2025

UK Preliminary Services PMI leaps to 53.6 in August vs. 51.8 expected

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) declined to 57.3 in August from 48 in July. The data missed the anticipated 48.3 print in the reported period.

Dow Jones futures decline as AI rally falters, Walmart earnings in focus

Dow Jones futures fall by 0.11%, trading around 44,950, along with the S&P 500 futures and Nasdaq 100 futures steady around 6,400 and 23,300, respectively, during European hours on Thursday ahead of the opening of the North American session.