The Euro (EUR) is expected to trade between 1.1575 and 1.1645 against the US Dollar (USD) in the short term. Over a longer period, we think the EUR will stay within a range of 1.1480 to 1.1660 due to more market fluctuations. On Monday, the EUR started lower but rose to close at 1.1576. It hit a high of 1.1641, but its overbought status and slowing momentum suggest limited upward movement. The trading range is likely to remain 1.1575 to 1.1645.

Forecast and Market Expectations

Before, the expected range was 1.1400 to 1.1570, but since it has moved above 1.1570, we now anticipate a range of 1.1480 to 1.1660. There has been some upward movement, but not enough for a sustained increase. If the price breaks above 1.1660, it could lead to further gains above 1.1700. This update includes forward-looking statements that involve risks and uncertainties. It is intended for informational purposes only and should not be seen as trading advice. Always do your research before making financial decisions, as you are responsible for the risks and potential losses. We are witnessing a shift from earlier expectations. The original range of 1.1400 to 1.1570 has changed to a higher range of about 1.1480 to 1.1660. The increase above 1.1570 shows some momentum but is not strong enough for a significant upward trend. Breaks from technical levels like 1.1575 indicate brief bursts of strength. However, a slowing pace and stretched technical indicators limit additional gains. Also, we have observed a minor divergence after the high of 1.1641, suggesting that the current rally is losing strength. For those trading in the short term, the narrow price range between 1.1575 and 1.1645 should not be seen as a lack of opportunity. Quick changes in prices are likely as market positioning adjusts around month-end activities or minor economic triggers. Daily closing prices are gaining importance as technical resistance builds near the upper end of this range.

Key Market Indicators and Potential Scenarios

Analysts see a price move above 1.1660 as a possible turning point. Currently, the chance for movement beyond that level is low but not impossible. If the EUR closes above 1.1660, it would reset expectations toward testing 1.1700 and higher; however, this scenario remains less likely for now. This means that, without a strong reason—such as changes in monetary policy, unexpected data, or external risks—the Euro is unlikely to maintain a clear direction. This situation creates an opportunity for sellers at the top of the range, as upward movements are being limited by technical factors and the broader market sentiment. The price movements are noticeable enough to warrant attention, but they haven’t changed the cautious approach seen in previous sessions. Therefore, if the price goes above 1.1645, it will need to hold that level for confidence to build in a new trend. Based on this structure, we view the lower end of the updated range around 1.1480 as an important level to monitor. Moves toward this level without solid backing are unlikely to last unless there is increased momentum. So far, that hasn’t happened. Instead, it seems that markets prefer trades in the short to medium term, with most traders positioning around familiar levels rather than exploring new territory. Now is not the time to chase prices. The necessary commitment to break out of this range seems to be missing, and current chart patterns support a cautious strategy. It’s also worth noting how market sentiment might change if there is a decisive move above 1.1660. Until then, it’s up to the price to prove itself. Create your live VT Markets account and start trading now.

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