EUR/USD Range Bound: Euro to Trade Between 1.1510 and 1.1605 on Flat Momentum

EUR/USD Expected to Trade Sideways Between 1.1510–1.1605 Amid Flat Momentum

The EUR/USD pair is expected to continue trading within a narrow range, between 1.1510 and 1.1605, as technical momentum indicators signal a neutral stance. The flat nature of the indicators points to a lack of strong directional bias in the near term.

Technical Snapshot: Consolidation Likely

Resistance Zone: 1.1600–1.1605
Support Level: 1.1510
Key Breakdown Point: 1.1480

Should the Euro slip below 1.1480, this could confirm a more entrenched range-bound structure, limiting any immediate bullish prospects. Until then, the price is expected to remain boxed in a tight consolidation channel.

Long-Term Perspective Softens

From a broader view, the previous bullish momentum observed in the Euro appears to have dissipated, and no strong catalysts are currently evident to drive a breakout. With central bank clarity expected later this week, traders remain on the sidelines.

What Traders Should Watch

Federal Reserve and ECB commentary
US inflation and retail sales figures
Eurozone economic sentiment data

These could all serve as triggers for a breakout or deeper retracement. However, for now, EUR/USD remains a technical trade rather than a fundamentally driven one.

Conclusion: Euro Stuck in Neutral

As of now, EUR/USD is treading water, lacking the momentum to break out of its current trading band. Flat momentum suggests that range trading strategies between 1.1510 and 1.1605 could be most effective in the short term. A move below 1.1480 would be an early signal that the pair is setting up for a broader sideways channel in the weeks ahead.