The Euro (EUR) is likely to trade between 1.1625 and 1.1665. Analysts from UOB Group indicate that if the EUR drops below 1.1615, it suggests that the recent gains in the EUR are not continuing. Recently, when the EUR stood at 1.1640, analysts expected it to trade between 1.1625 and 1.1670. This forecast was correct, as the EUR moved within a range of 1.1627 to 1.1671. The EUR finished slightly lower at 1.1642, down by 0.01%, while momentum indicators showed a neutral stance. In the next 1-3 weeks, EUR strength was initially expected, with the possibility of reaching levels around 1.1695 and even 1.1730. However, the upward momentum is diminishing. If the EUR falls below 1.1615, it would mean that the upward trend that started late last month has stopped. These insights come from the FXStreet Insights Team, which gathers observations from various market experts, including both internal and external analysts. The current slowing of the Euro’s upward momentum suggests we may enter a phase of sideways trading. For now, we anticipate that the EUR/USD pair will stay within a narrow range of about 1.1625 to 1.1665. The strong rise that began in late November 2025 has struggled to break through key resistance levels. This slowdown is supported by recent economic data, which presents mixed signals for the currency pair. The most recent US Non-Farm Payrolls report from December 5th showed an impressive increase of 210,000 jobs, strengthening the US dollar’s position. On the other hand, the Eurozone’s November flash CPI was slightly above expectations at 2.7%, but recent comments from the ECB have stressed a careful “wait-and-see” approach towards policy changes. For derivative traders, this indicates that selling volatility might be a smart strategy in the upcoming days. Strategies like short straddles or iron condors centered around the 1.1650 level could be appealing. These positions profit from a stable currency pair and the impact of time decay. It’s important to closely monitor the 1.1615 support level. A significant drop below this level would signal the end of the upward trend that began after the Fed’s policy shift in mid-2025. If this level is broken, it’s a cue to close any neutral positions and consider purchasing puts, indicating that the recent strength of the Euro has fully faded.

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