Forex
EUR/USD Seeks Stability Amid Dollar Strength
The EUR/USD pair is attempting to stabilize after a sharp selloff, but the market has not suddenly become friendly to the euro.
The Federal Reserve's decision to raise interest rates and signal further tightening has pushed U.S. yields higher, making the dollar more attractive.
This remains the main driver of the EUR/USD pair, with traders focusing on the interest-rate differential in favor of the greenback.
The 1.1450 level is attracting attention as it previously acted as resistance and is now trying to serve as support, with some stabilization around this area.