Euro Steady as U.S. Shutdown Extends
EUR/USD slipped to 1.1720 in Monday’s Asian trade, trimming recent gains. The pair found support as the dollar weakened amid rising Fed rate-cut expectations; 95% odds for October and 84% for December, according to CME FedWatch. The prolonged U.S. government shutdown, now in its second week and delaying key data like the September jobs report, also weighed on the greenback.
Technically, 1.1685 is the key support, while resistance is seen at 1.1755 and then 1.1810.
| R1: 1.1755 | S1: 1.1685 |
|---|---|
| R2: 1.1810 | S2: 1.1570 |
| R3: 1.1850 | S3: 1.1520 |