EUR/USD slips below 1.170 as Dollar regains traction – ING

💡 DMK Insight

EUR/USD slipping below 1.170 signals a shift in market sentiment—here’s why that matters: The recent dollar strength is tied to easing geopolitical tariff risks, which typically boosts demand for the USD as a safe haven. Traders should note that this could lead to a stronger dollar trend, especially if economic indicators continue to favor the U.S. economy. The 1.170 level is crucial; a sustained break below could trigger further selling pressure, potentially targeting 1.160 in the near term. On the flip side, if the pair rebounds, watch for resistance around 1.180, which could indicate a short-term reversal. This shift also has ripple effects on related markets like commodities and crypto. A stronger dollar often pressures gold and Bitcoin prices, so keep an eye on those assets as well. For now, monitor the upcoming economic data releases that could impact the dollar’s trajectory, particularly any signs of inflation or employment growth that might bolster USD bulls further.