EUR/USD Technical Outlook: Key Levels to Watch This Week

EUR/USD begins the week pinned inside a technical range that has held for the better part of the past two weeks, leaving traders focused on a handful of key levels for the next directional cue.

Resistance sits just above the recent swing high, an area that has capped rallies on at least two prior attempts, while support lines up with the floor of the current range.

Momentum indicators such as the RSI are sitting close to the midpoint, reflecting the broader indecision in the pair rather than pointing to an imminent breakout in either direction.

A confirmed daily close beyond either boundary would likely draw in fresh momentum flow and set the tone for price action into the following sessions.

Until that happens, range-bound strategies are likely to keep outperforming directional bets, with traders fading the edges of the range rather than chasing moves in the middle.