EUR/USD Edges Higher Amid Fed Cut BetsThe EUR/USD rose 0.03% to $1.0967 in Asian trade, supported by expectations of Fed rate cuts amid U.S.-China trade tensions. However, gains were limited by concerns over European growth and global trade disruptions. Without signs of market stability, the pair may stay range-bound under risk aversion pressure.
Key resistance is at 1.1100, followed by 1.1150 and 1.1215. Support lies at 1.1000, then 1.0850 and 1.0730.