The EUR/USD is expected to trade between 1.1595 and 1.1645. Analysts believe there’s a chance for it to rise to 1.1685 in the longer term, but a significant breakthrough above this point is not assured just yet.
Recently, the EUR saw a surge, reaching a high of 1.1655 before settling back down to 1.1620, which is a slight dip of 0.09%. At present, the price movements suggest a range-trading phase with no strong upward momentum. Today, traders can expect the EUR to move between 1.1590 and 1.1640.
Medium Term EUR/USD Predictions
In the next one to three weeks, the EUR is likely to continue its upward trend, targeting 1.1685. However, it’s uncertain whether it will break through this level. If the price dips below 1.1575, it would signal that this upward trend may be fading.
The FXStreet Insights Team, made up of journalists, gathers market insights from various experts and shares valuable information from both internal and external analysts.
Given the current lack of momentum, we anticipate the EUR/USD will stay in a tight consolidation phase, likely trading between 1.1595 and 1.1645. Short-term implied volatility has dropped to its lowest level since September 2025, indicating that options traders do not expect a significant breakout soon. Therefore, selling short-term straddles or strangles may be a smart way to earn from this sideways movement.
In the coming weeks, the overall expectation is for a gradual rise toward the 1.1685 resistance level. This outlook is supported by recent U.S. job data from early November 2025, which revealed a lower-than-expected gain of 145,000 jobs, slightly hurting the dollar. Traders might consider buying call spreads to capitalize on this upward trend while managing their risk.
Key Support And Resistance Levels
The positive outlook for the EUR/USD relies on staying above the strong support level at 1.1575. A drop below this point would mean the upward pressure has vanished, and bullish positions should be reevaluated. We saw a similar situation in the summer of 2025 when a rally faltered after breaking a key support level, trapping overly confident traders.
This move towards 1.1685 represents a notable change from the trading patterns observed throughout most of 2024, where the pair struggled to stay above 1.1000. Currently, with the pair trading within a narrow range, an iron condor strategy could be employed to benefit from lower volatility. This strategy would involve selling a call spread above 1.1650 and a put spread below 1.1590 to take advantage of the expected range.
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