Euro Vulnerable to 1.1300 if 1.1400 Support Breaks
The dollar index continues to rise, targeting 101-101.50, while the euro risks a drop to 1.1300 if support at 1.1400 fails. EURINR must hold above 108 to avoid falling to 107.50-107, and EURJPY is expected to trade within the 183-186 range.
EURUSDEURINREURJPYDX
The dollar index is extending its upward trend and could reach the 101-101.50 zone. A breakdown of the euro below the 1.1400 support level would open the door for a decline toward 1.1300.
For the euro against the Indian rupee (EURINR), the 108 level is critical. Failure to hold above that could trigger a fall to the 107.50-107 area. Meanwhile, EURJPY is expected to stay range-bound between 183 and 186.
Source: FXStreet Forex News