The EUR could rise above 1.1290, but hitting 1.1320 seems unlikely given the current momentum. Analysts believe a solid break above 1.1290 is necessary for any significant increase, while falling below 1.1200 could limit upward potential. On Monday, the EUR reached 1.1288 but then fell back. During the late NY session, it peaked at 1.1285 and closed at 1.1282, up 0.36%. While it may rise above 1.1290 soon, reaching 1.1320 appears doubtful. The support levels have now shifted to 1.1260 and 1.1235. In the last two days, the rise to 1.1288 indicated growing upward momentum. Analysts want to see a daily close above 1.1290 for a chance to move towards 1.1350. On the other hand, dropping below 1.1200 would signal less upward potential. Monday’s session showed the euro trying to extend its recent gains, reaching 1.1288 briefly before retreating. Despite finishing slightly lower from its earlier high and closing positively with a 0.36% increase, the pair struggled to maintain a clean break above 1.1290, which has been flagged by analysts as a crucial level for further advances. Short-term support has now risen to 1.1260 and 1.1235, indicating that the market might be warming up to the idea of further strength, provided the price remains stable. However, without a daily close above 1.1290, upward movement remains uncertain. This level has been approached but not convincingly surpassed, which is a condition, not a guarantee, for moving towards 1.1350 in the medium term. So, what does this mean? Price action is trending higher, but it’s facing resistance—both technical and cautious. Without new drivers or steady demand, there’s little momentum to push higher at this time. If the pair falls below 1.1200, as analysts have noted, it would suggest that recent bullish momentum has faded. The last two days show an effort to trend upward, but each attempt near the upper limits is constrained. If 1.1290 breaks and closes firmly above it, we could more confidently target 1.1350, using dips as buying opportunities. Until that happens, we remain flexible and watch to see if the support levels hold, especially at 1.1235. A move below that level might accelerate losses and bring attention back to 1.1200. There’s no need to expect a runaway trend right now. The better strategy is to react to key levels and wait for confirmation. What analysts like Müller are closely monitoring is daily closing momentum rather than position data or speculative overhang. A strong finish above a previous barrier can shift the market narrative. The goal here is to let the market dictate the action. We are in a familiar range, but that can change rapidly. If congestion continues without breaking above 1.1285, we might see gradual declines. A weakening rally could prompt traders to unwind bullish positions, leading to intraday pullbacks that wouldn’t surprise anyone monitoring the market. In conclusion, we’re operating within a narrow range, but price sensitivity is high. A breach on either side, especially with strong volume, will indicate which side gains control. Until then, we focus on tactical trades around current levels, being cautious as any break without confirmation can easily reverse.

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