Analysts see scope for EUR/USD gains amid a weakening Dollar Index, targeting 1.1800-1.1850 in the near term.
The Euro is expected to rise toward 1.1800-1.1850 against the US Dollar, driven by a decline in the Dollar Index, which currently trades near 98. Analysts forecast the index could weaken further to 97-96 levels in the coming sessions.
Recent trends show the Dollar Index under pressure, while EUR/USD has held steady above key support levels. Comparable periods suggest further upside potential for the Euro, particularly if the Dollar Index extends its decline.
USD/JPY may retest 158.00+ levels, while EUR/JPY could target 112.00 or higher if current momentum persists.