Dollar Index Bearish Below 99.40 as EUR/USD Seeks Momentum

The Dollar Index remains bearish below 99.40 and could potentially slip towards 98.50 or lower following a near-term test of 99.40.

EUR/USD is expected to regain momentum above 1.1700, targeting 1.18 or higher, while the Dollar-Yen may rise slowly towards 160 before easing back unless it breaks decisively higher.

EURINR and EURJPY maintain bullish outlooks towards 112.50 and 186-188 respectively, but USDCNY could eventually break below 6.72 towards 6.70.