EUR/USD holds firm at around 1.1550 on Monday, virtually unchanged as the Greenback trims some of its earlier losses amid news that the White House backs a deal to end the US shutdown in the coming days, as reported by Bloomberg. At the time of writing, the pair trades flat at 1.1560.
💡 DMK Insight
EUR/USD is holding steady at 1.1550, but here’s why that matters: the potential US government shutdown resolution could shift market sentiment. With the White House signaling support for a deal, traders should keep an eye on how this impacts the dollar’s strength. If the shutdown is averted, we might see the Greenback regain some momentum, which could push EUR/USD lower. On the flip side, if negotiations falter, the euro could strengthen as risk aversion kicks in. Watch for key resistance around 1.1600 and support near 1.1500. These levels could dictate short-term trading strategies, especially for day traders looking to capitalize on volatility. Keep an eye on economic indicators this week, as they could further influence the pair’s direction.
📮 Takeaway
Monitor EUR/USD closely around 1.1500 and 1.1600; a US shutdown resolution could shift momentum significantly.






