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    The Euro is predicted to fluctuate between 1.1590 and 1.1635, showing a downward trend.

    by VT Markets
    /
    Oct 24, 2025
    The Euro (EUR) is expected to trade between 1.1590 and 1.1635. Long-term trends suggest it may move lower, possibly retesting the 1.1540 level, according to analysts at UOB Group. In the last 24 hours, the EUR fell to a low of 1.1576 but bounced back, trading between 1.1584 and 1.1620. It closed at 1.1617, showing a slight increase of 0.06%. Analysts predict that today, the EUR will continue to move within the 1.1590 to 1.1635 range. Looking at a one to three-week outlook, there’s increasing downward momentum. However, the EUR has not moved significantly lower yet. Analysts believe that without a break above the 1.1640 resistance, a drop to 1.1540 may not happen. Currently, the EUR/USD is stuck in a narrow trading band, likely staying between 1.1590 and 1.1635 in the short term. This situation suggests trading strategies that benefit from low volatility, such as selling strangles or iron condors with short-term expirations. The goal is to take advantage of the pair’s current indecision. In the coming weeks, we expect a stronger downward trend, possibly testing the 1.1540 support level. This prediction is supported by recent Eurozone manufacturing PMI data, which fell to 49.2, signaling a contraction. Meanwhile, the US added 210,000 jobs in early October 2025, highlighting economic strength for the dollar. Traders in derivatives may want to buy put options with strike prices near 1.1550 and expirations in mid-November to prepare for a decline. A more cautious approach could involve a bear put spread to lower costs, which suits the current diminishing downward momentum. A move past the strong resistance at 1.1640 would indicate that this downward trend is losing strength. Historically, we’ve seen similar patterns, like in the third quarter of 2024, which often lead to sharp breakouts. Currently, one-month implied volatility for EUR/USD is around a six-month low of 6.1%, making options cheaper. This presents a good opportunity to position for a larger move as volatility may increase.

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