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23.04.2025 11:43 AM
The EUR/USD pair is showing intriguing behavior, especially given the current economic conditions—dropping to a weekly low during the Asian session before recovering later.
The primary factor weighing on EUR/USD is the U.S. dollar rebounding from a three-year low. Despite weakening confidence in the U.S. economy and expectations of more aggressive monetary easing by the Federal Reserve, the dollar is still holding its ground, exerting pressure on the pair. However, these same factors also limit the dollar's growth potential, helping to cap EUR/USD losses.
On the other hand, if the pair manages to break above and hold above the 1.1400 level, this would open the path toward higher targets, including 1.1500 on the way to retesting the monthly high around 1.1575—and potentially even 1.1600.
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