EUR/USD Likely to Trade Between 1.1510 and 1.1600

The Euro (EUR) is expected to experience trading between 1.1510 and 1.1605 against the US Dollar (USD). Momentum indicators are currently flat, indicating a need for traders to remain cautious.

A breach of the support level at 1.1480 suggests that EUR may move into a sideways phase rather than advancing further. Traders should closely monitor these levels for potential trading signals moving forward.