Analysts forecast EUR/USD could decline to 1.1300 if the Dollar Index sustains strength above 101.50.
EUR/USD is poised to test 1.1300 as the Dollar Index maintains levels above 101.50, signaling potential further weakness in major currencies against the USD. The Euro is already trading below 1.14, with downside momentum accelerating on sustained dollar strength.
Recent moves reflect broader dollar resilience, with EUR/INR also projected to fall toward 106 or 105 on a decisive break lower. The Dollar Index’s position above key technical levels suggests continued pressure on EUR and other majors.
No immediate market reaction was specified, but traders are monitoring these levels for directional cues.