EUR/USD Could Test 1.1300 as Dollar Index Holds Above 101.50
The US Dollar Index sustaining above 101.50 may push major currencies lower. EUR/USD has already dipped below 1.14 and could target 1.1300.
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A strong US Dollar Index, holding above the 101.50 level, is expected to weigh on major currency pairs. EUR/USD has broken below the 1.14 mark and appears poised to test the 1.1300 support area.
Additionally, EUR/INR may decline to the 106/105 range if a decisive break below current levels occurs. Traders should monitor Dollar Index sustainability for further directional cues.
Source: FXStreet Forex News