Dollar Strength Still Weighs on Euro and Pound (10.31.2025)
EUR/USD saw mild buying in Friday’s Asian session, edging up after a two-day drop but staying near its monthly low around 1.1550–1.1540. The pair traded near 1.1575, up less than 0.10%, lacking strong momentum. The dollar’s consolidation near its highest since early August continues to pressure the euro, with a notable USD pullback unlikely amid the Fed’s hawkish stance.
Technically, 1.1560 is the key support, while resistance is seen at 1.1600.
| R1: 1.1600 | S1: 1.1560 |
|---|---|
| R2: 1.1680 | S2: 1.1540 |
| R3: 1.1750 | S3: 1.1510 |