Technical levels suggest potential further downside for the Dollar Index while the euro eyes a rebound toward 1.1800.
The Dollar Index has fallen below the critical 98.50/60 support zone, raising prospects of a decline toward 97.50/97 in the near term if the level fails to hold. Traders are monitoring this breakdown as a potential signal for further weakness in the greenback.
The euro remains supported near 1.1700, with a bounce from this level potentially opening the door for a test of 1.1800. These technical thresholds reflect shifting sentiment amid broader macroeconomic trends and currency positioning.
No immediate market reaction was specified, but these levels are closely watched by forex traders for directional cues.