Technical analysis suggests the euro may extend losses toward 1.1300 as the dollar index targets a break above 101.50.
The euro has fallen below the 1.1400 level, with analysts expecting a further decline toward 1.1300. The move follows recent weakness in the single currency against the dollar, driven by technical momentum and broader market sentiment.
Prior support at 1.1400 has been breached, with next key levels identified at 1.1300. Meanwhile, the dollar index remains below 101.50 but is poised for a potential upward move if it clears that resistance. Cross-currency pairs, including EURINR and EURJPY, are also under pressure, with targets near 107.77-107.50 before a potential bounce.
Market participants are closely watching these levels for signs of sustained directional momentum in forex markets.