The EUR/USD pair has been gaining ground, trading above 1.1250, as the U.S. dollar weakens due to market expectations of potential Federal Reserve rate cuts. The euro’s strength is also supported by robust economic data from the Eurozone. Analysts suggest that the pair may test support around 1.1305 before attempting to rise towards 1.1625. However, the market remains cautious, awaiting further economic indicators and developments in U.S. trade policies.
Expected Range for EUR/USD: 1.1305 – 1.1625
Note: This information does not guarantee profits. Please make your own decisions when trading.