EUR/USD: Still Stuck in the RangeEuro / U.S. DollarFOREXCOM:EURUSDInternalTraderNYCEUR/USD has been pretty frustrating.... Since around June/July 2025, the EUR/USD has mostly been stuck in sideways price action. I was originally looking for a bigger move lower much earlier, but the market just has not given that clean breakdown yet. The biggest level I’m watching is still 1.1500 That area has been extremely important. It acted as resistance back in April 2025, then flipped into support, and every time price has tried to break below it, buyers have stepped back in. That said, I still think the larger structure is vulnerable. EUR/USD pushed above the 1.18 area, even stretched above 1.1950, but that move quickly failed. To me, that looked more like a stop run or false breakout than real bullish strength. Price kissed above that zone, trapped late buyers or cleared stops, and then came right back down toward 1.15000, this is what keeps me looking at the short side. On the weekly chart, momentum still does not look strong. MACD and the histogram continue to show signs of momentum fading. The market has been sideways for almost a year, but it has not built the kind of upside strength I would want to see if this were truly bullish. For now, the trade idea is simple: If EUR/USD retests 1.15000 and finally breaks it with conviction, I think the next downside area to watch is around 1.12000. DXY has been moving opposite to EUR/USD, and the chart actually looks cleaner to me. The big level there is 100. The dollar has tested that area several times and failed, but the structure still looks like it wants to try again. If DXY can finally break above 100, then I think 101–102 becomes realistic, maybe even 103 if momentum expands. That would support the bearish EUR/USD view. I also looked at GBP/USD briefly. It has a rising wedge structure that has been developing since early 2023, with some mild downside divergence. But I’m not trading pound-dollar right now. My main focus is EUR/USD and the USD Index. Overall, this is still a waiting game. EUR/USD has been consolidating for almost a year. These long ranges can be boring, but when they finally break, the move can be powerful. For me, the key levels are clear: EUR/USD below 1.15000 opens the door toward 1.12000. EUR/USD above 1.2000 invalidates the short idea. DXY above 100 would strengthen the bearish EUR/USD case. Until one of those levels confirms, I’m staying patient.