Euro Pushes Towards 1.18 Amid Central Bank Policy Shifts
The EUR/USD pair is making a push towards 1.18 as investors await divergent central bank policies and shifting risk sentiment.
Technical analysis suggests that the euro's upward momentum is driven by expectations of a more hawkish European Central Bank and a less aggressive Federal Reserve, which is narrowing the interest rate differential between the Eurozone and the US.
The pair has broken above several short-term moving averages and the relative strength index (RSI) remains in bullish territory without being overbought.