No major events are expected today.

The euro remains under pressure amid political uncertainty in France: the formation of the cabinet and the budget process schedule still raise concerns, while the market factors in the risk of delays in the budget project. This worsens growth outlooks in the eurozone and reduces investors’ willingness to allocate new capital into the euro.

In the US, demand for the dollar is supported by cautious risk sentiment and ongoing trade discussions between Washington and Beijing. Even during brief declines in the dollar index, some market participants prefer holding USD liquidity until macroeconomic indicators and the US fiscal agenda become clearer. The yield differential remains wide, and flows into dollar assets continue to limit the euro’s recovery.

Additional pressure comes from weak signals in Germany, including slowing external trade and cautious business price expectations. As a result, the fundamental balance remains unfavorable for the euro, while short-term flows into “safe” assets support the dollar. This justifies a sell strategy near current levels with conservative targets.

Recommendation: SELL 1.1575, SL 1.1625, TP 1.1500