The EUR/USD is forecasted to trade within a range of 1.1595 to 1.1645. In the longer term, analysts predict an upward trend towards 1.1685. However, it’s too early to predict a clear breakthrough above this level.
In recent trading, the EUR rose sharply to a high of 1.1655 before settling at 1.1620, decreasing slightly by 0.09%. Current price movements indicate a range-trading phase without a strong increase in upward momentum. Today’s expected trading range for the EUR is between 1.1590 and 1.1640.
Medium Term Eur Usd Predictions
For the next one to three weeks, the EUR is expected to maintain an upward trend towards 1.1685. However, the possibility of surpassing this level remains uncertain. Only a breach of 1.1575 would indicate the fading of this upward trend.
The FXStreet Insights Team, consisting of journalists, compiles market observations from various experts and provides additional insights from internal and external analysts.
Given the current stalled momentum, we expect the EUR/USD to remain in a tight consolidation phase, likely trading between 1.1595 and 1.1645. Short-dated implied volatility has fallen to its lowest point since September 2025, suggesting options traders are not pricing in a major breakout in the coming days. Therefore, selling short-term straddles or strangles could be a viable strategy to collect premium from this sideways movement.
Over the next few weeks, however, the bias is for a gradual move higher toward the 1.1685 resistance level. This view is supported by recent US jobs data from early November 2025, which showed a softer-than-expected gain of 145,000 jobs, slightly weakening the dollar. Traders could look at buying call spreads to target this upward drift while defining their risk.
Key Support And Resistance Levels
The entire bullish outlook hinges on the pair staying above the strong support at 1.1575. A clean break below this level would indicate the upward pressure has completely disappeared, and any bullish positions should be reconsidered. We saw a similar pattern in the summer of 2025 when a rally failed after a key support level gave way, trapping overly optimistic traders.
This push towards 1.1685 marks a significant shift from the trading dynamics we observed for most of 2024, when the pair struggled to hold above 1.1000. For now, with the pair in a narrow channel, an iron condor strategy could be used to profit from low volatility. This involves selling a call spread above 1.1650 and a put spread below 1.1590 to capitalize on the expected range.
