Euro Faces Potential Drop to 1.13 as Dollar Aims Higher
The Dollar index needs to hold support near 100.90-101 to gradually rise toward 102, which could push the Euro back to 1.13 or lower. Meanwhile, EURINR remains above support at 107 but needs to break above 108 to continue higher.
EURUSDDXYEURINR
A morning briefing highlights key levels for the US Dollar and Euro. The Dollar index must maintain support in the 100.90-101 range to enable a gradual climb toward 102. Such a move would likely drive the Euro lower, back to the 1.13 level or below.
In the EURINR pair, the rate is holding well above support at 107. A break above 108 is now needed to sustain upward momentum.
Source: FXStreet Forex News