After last week’s U.S. jobs report, the euro rose from 1.1390 to 1.1594 by the end of the week. At first, people thought the euro would be sold at the start of this week, but there was very little selling. This shows that the euro is still strong.
Many traders think the U.S. might lower interest rates soon, while the European Central Bank (ECB) may stop cutting rates. This difference in policy is helping support the euro.
However, there are still worries about Europe’s economy because of tariffs. So, some people still expect more rate cuts in Europe.
After this round of euro buying is over, the price may fall again.
EUR/USD Expected Price Range: 1.1540 – 1.1640 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.