Dollar Index Recovery Pushes Euro Toward 1.1400

The Dollar Index has reclaimed its upward trajectory after a short-lived decline last week, now heading toward the 101 level. This move is weighing on the euro, which may slip toward 1.1400 or lower, while USDJPY is expected to rise into the 162–163 range.

For the Indian rupee cross, EURINR could test the 108 mark as long as it stays below 109.50. Meanwhile, EURJPY continues to strengthen, though the exact target was not specified in the briefing.

Traders should monitor the Dollar Index's momentum as it approaches the 101 handle, as further strength would amplify these directional moves across major forex pairs.