EUR/USD Expected to Consolidate Around 1.0870/1.0950
Analysts suggest that a further sustained rise in the Euro (EUR) against the US Dollar (USD) seems unlikely at the moment. Instead, the pair is expected to consolidate within the range of 1.0870 to 1.0950. Recent technical targets have been met, leading to an overbought condition. While additional gains could occur, the potential for more significant upside appears limited. Traders should watch this range closely, as a breakout in either direction could signal a change in momentum in coming sessions.