Technical levels suggest the dollar may strengthen further if it holds above key support, dragging the euro toward 1.1300.
The dollar index is poised to test 102 if it maintains support above the 100.90-101 range, potentially pushing the euro back toward 1.1300 or lower. Analysts highlight this as a critical threshold for near-term momentum in currency markets.
Recent price action shows the euro struggling to sustain gains, while the dollar index has held steady above its support zone. Comparable periods indicate similar patterns when the index approaches these levels, often leading to a retracement in EUR/USD.
EUR/INR remains above support at 107 but requires a break above 108 to extend its rally, reinforcing the broader dollar strength narrative.