Recent Performance:
• Price Movement: The euro has shown resilience against the U.S. dollar, testing the key 1.0900 level. A sustained break above this level could target the 1.1000 mark, while support at 1.0800 may attract buyers amid shifting economic dynamics.
Technical Analysis:
• Support and Resistance Levels: The EUR/USD pair is currently trading near the 1.0900 resistance level. A clear break above this level could open the path toward 1.1000, while immediate support is observed at 1.0800.
Fundamental Factors:
• US Economic Indicators: Recent U.S. economic data, including weaker-than-expected inflation figures, have raised concerns about the dollar's strength. Additionally, trade uncertainties, such as increased tariffs on Canadian imports, have further pressured the dollar.
• European Economic Indicators: The euro has benefited from stronger fiscal policies in Germany, aimed at bolstering defence spending and economic growth, contributing to its recent strength against the dollar.