EUR news in the last 24 hours was stronger than USD, with positive EUR sentiment at 49 and negative at 11, while USD showed only 17 positive and 57 negative.
ECB tightening expectations are keeping the euro supported, while US rate expectations remain mixed and softer Fed tone weighs on the dollar.
Positioning analysis points to a short term dip with 65 percent confidence.
Charts still favor upside overall, with support near 1.157 to 1.160 and a rebound likely if that zone holds.
ECB tightening expectations are keeping the euro supported, while US rate expectations remain mixed and softer Fed tone weighs on the dollar.
Positioning analysis points to a short term dip with 65 percent confidence.
Charts still favor upside overall, with support near 1.157 to 1.160 and a rebound likely if that zone holds.