EUR/USD Drops Below 1.1700, Strong Support Expected
The EUR/USD has edged lower, trading around 1.1690 after gaining roughly 0.5% in the previous session. Investors remain optimistic about a potential recovery, as the U.S. Dollar struggles due to the dovish tone from the Federal Reserve regarding its September policy.
This ongoing weak performance of the dollar could provide support for the euro, enabling it to potentially regain lost ground in the market.