The recent brief advance in the Euro did not lead to any significant increase in momentum. Analysts from UOB Group predict that EURUSD will trade in a range of 1.0465 to 1.0515 versus the US Dollar. A critical battleground exists; unless the Euro breaks and sustainably holds above 1.0530 soon, upward movement seems less likely. As the market remains cautious, monitoring these levels will be key for traders looking to make informed decisions in their trades.