Analysts warn EUR/USD could drop to 1.1300 if support at 1.1400 fails amid a strengthening dollar index.
The Dollar Index (DXY) is advancing and may target 101-101.50, driven by persistent strength in the greenback. Analysts highlight a critical support level for EUR/USD at 1.1400, with a break below risking a decline to 1.1300.
Earlier, the euro traded near 1.1450, but recent pressure has tested lower bounds. The dollar’s rally follows a broader trend of monetary policy divergence and risk sentiment shifts. EUR/INR and EUR/JPY are also under scrutiny, with key levels at 108 and 183-186, respectively.
Market focus remains on whether the euro can hold above 1.1400 or if further downside materializes in the near term.