In April, the US dollar, stocks, and bonds all went down. Because of this, some investors bought euros instead of dollars. But now the market has calmed down, and many people are selling euros to adjust their positions.
This week, there will be a meeting of the US central bank. It is expected that interest rates will not be lowered yet. This could cause more people to sell euros. Last week, US Treasury Secretary Bessent said, “We will keep a strong dollar,” and “The European Central Bank may lower rates to weaken the euro.” These comments could lead to more euro selling.
Trade talks between the US and both Europe and China are not going well, so the risk of market problems still remains.
Also, some people still believe the US will lower interest rates several times this year, including in June. Because of that, the euro may continue to rise in the long run.
Expected EUR/USD Range: 1.1150 – 1.1380
Note: This is not a guarantee of profit. Please make your own decisions when trading.