Live Updates > Live Update Details
2025-08-01 18:14:06
As the European and American economies diverge, where does the euro go after falling below the 1.14 level? ⑴ The euro fell sharply to 1.1393 against the US dollar following the release of the latest data. ⑵ This level marks a new low since June 10th, when the exchange rate fell to 1.1373. ⑶ From a technical perspective, the euro faces further downside risks against the US dollar. ⑷ The 61.8% Fibonacci retracement level is at 1.1357, while the influential 100-day moving average is at 1.1363. Both of these key support levels could become the exchange rate's next targets. ⑸ Eurozone economic growth has been better than expected, but inflation has stabilized at target, reducing expectations of interest rate cuts. The US may not cut interest rates again this year, supporting the dollar's strength. ⑹ This divergence in economic and monetary policy expectations between Europe and the US provides fundamental support for the euro's decline against the US dollar. ⑺ In the current market environment, traders may be more motivated to take profits on long euro positions, exacerbating the decline.
