Euro Range-Bound at 1.1325-1.1450 as Dollar Index Stays Strong

The Euro is expected to remain range-bound between 1.1325 and 1.1450, according to the morning briefing. Meanwhile, the Dollar Index is forecast to stay strong above the 100.75 level, sustaining bullish momentum for USDJPY toward the 163/164 zone.

This strength in the dollar may lead to weakness in other major currencies in the medium term, as the greenback continues to dominate the forex landscape. Traders should watch for further dollar-driven moves against the Euro and Yen.