EUR/USD to Remain Range-Bound Between 1.1385 and 1.1460

EUR/USD to Remain Range-Bound Between 1.1385 and 1.1460

Short-Term Outlook: No Clear Momentum

The EUR/USD continues its sideways movement as price action fails to build either bullish or bearish momentum. The pair traded within a volatile but neutral range, hitting a low of 1.1372 and rebounding to 1.1447, before settling at 1.1423, slightly above its previous close.

Analysts expect the Euro to remain confined within a tight range of 1.1385 to 1.1460 today, reinforcing the view that directional conviction is lacking in the short term.

Medium-Term View: Consolidation Phase in Progress

From a broader perspective, the EUR/USD has entered a neutral trading phase since June 9, with analysts highlighting a potential range between 1.1330 and 1.1495. The market appears to be awaiting a significant macroeconomic catalyst, such as US inflation data or ECB commentary, to break out of the current consolidation zone.

Technical Levels to Watch

• Support: 1.1385, 1.1330
• Resistance: 1.1460, 1.1495

No strong trend is in play, making the pair suitable for range-trading strategies in the near term.

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