EUR/USD Seen Falling to 1.13-1.12 if Dollar Index Breaks 101.50
The dollar index, holding above 101, may push EUR/USD lower to the 1.13–1.12 range if it clears 101.50, otherwise a reversal is possible.
EURUSDDXY
The Dollar Index is trading above 101, with the euro near a key support level at 1.14.
If the index rises above 101.50, it could turn bullish and target 102–104, dragging EUR/USD down to the 1.13–1.12 area in the medium term. Should that level not be breached, the current path may reverse.
Source: FXStreet Forex News