The euro is likely to trade between the levels of 1.0860 and 1.1030 in the near future. An analysis indicates that current momentum has diminished, which presents challenges for the euro’s potential rise. A breach below 1.0850 may suggest that the euro has entered a range-trading phase according to UOB Group’s FX analysts. This important insight highlights the need for traders to develop careful strategies when navigating such market conditions. With market sentiment fluctuating, staying updated with technical levels becomes essential for anticipating future movements. Understanding these dynamics will empower forex traders to make informed decisions.