The Euro is expected to show an upward tendency, but it may struggle to exceed 1.1225. FX analysts Quek Ser Leang and Peter Chia predict that, over a longer period, the Euro will likely trade between 1.1100 and 1.1290. In the 24-hour outlook, the Euro was last seen at 1.1190 and is expected to range between 1.1145 and 1.1235. However, it fell from 1.1219 to 1.1129 and then bounced back to close at 1.1163, down by 0.21%. Although there is a slight recovery, it is unlikely to push past 1.1225 due to weak momentum. Support is currently at 1.1160, and if it drops below 1.1135, upward movement may weaken. In the next one to three weeks, the Euro might enter a consolidation phase, trading within the 1.1100 to 1.1290 range. This expectation remains unchanged and should be approached carefully for financial decisions. We are witnessing a fragile recovery in the Euro after its recent decline, which erased earlier gains. The currency reached 1.1219, then quickly dropped to 1.1129 before stabilizing at 1.1163—down nearly a quarter of a percentage point. Although there has been a slight rebound, there isn’t enough momentum to confidently push past 1.1225. Short-term indicators suggest some upward potential, but it seems limited by broader market conditions. Chia and Quek’s short-term range of 1.1145 to 1.1235 has been tested rapidly, with the lower end already breached during the pullback. Still, their broader forecast of 1.1100 to 1.1290 for the coming weeks remains intact. Current weakness is likely to persist temporarily, but it may not be severe enough to disrupt the medium-term trend. A sustained drop below 1.1100 would change this outlook, but that seems unlikely without further pressure from interest rates or risk sentiment. Given the fragile momentum, it’s important to monitor key levels closely. Support at 1.1160 is being challenged, and falling under 1.1135 could negatively impact market sentiment. Conversely, breaking above 1.1225 would signal strengthening momentum, potentially leading to further gains toward the top of the three-week range. Currently, such a move lacks strong backing. Right now, caution is advised. As this consolidation continues, traders may tighten their trading ranges and adjust volatility forecasts. This could influence option premiums and pricing for short-term derivatives. In such range-bound conditions, delta-neutral strategies often provide better risk-reward opportunities. FX options markets have not shown strong directional trends, in line with the current technical setup. Sentiment appears more focused on patience rather than chasing quick moves. While not all opportunities are absent, they are more likely at the edges of this range rather than in the middle, where confidence is lower. In the upcoming sessions, use discretion with momentum-based signals. The Euro has proven sensitive to abrupt reversals due to thin order books, even within expected ranges. Until we see consistent tightening of spreads and stable price action above 1.1200, aiming for targets above 1.1290 may be premature. It’s wise to manage risk closely around these reaction levels. Current trends are not extended, favoring strategies that anticipate rotation rather than breakouts. The de-risking seen in related asset classes suggests that participants are more prepared for sideways movements than new rallies. For now, stick to clear levels—risk arises from assuming breakouts that do not materialize.

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