EUR/USD Eyes 1.16-1.17 as Dollar Weakness Expected
EUR/USD has scope to test 1.1600-1.1700 while above 1.1500, as the Dollar index may dip to 99.5-99. Meanwhile, EUR/INR is bearish below 111, EUR/JPY could test 186 above 185, USD/JPY remains in a slow uptrend, and USD/CNY is bearish toward 6.76/75.
EURUSDEURINREURJPYUSDJPYUSDCNYDXY
The morning briefing highlights key currency movements:
- EUR/USD has scope to test the 1.1600-1.1700 range while staying above 1.1500 support.
- Dollar Index may decline to 99.5-99.
- EUR/INR remains bearish below 111.
- EUR/JPY could test 186 while above 185.
- USD/JPY continues its slow uptrend.
- USD/CNY is bearish toward 6.76/75 while below resistance.
These forecasts are based on current technical levels and momentum.
Source: FXStreet Forex News