EUR/USD Slips to a Fresh April Low
The euro has fallen to 1.1715 against the dollar, marking its lowest level since April 13.
What matters here is not just the number, but the message behind it.
When EUR/USD starts making fresh short-term lows, it usually shows the dollar is regaining strength while the euro stays under pressure.
For now, this move tells a simple story:
the market is still favoring the dollar side, and the euro has not found enough support to stabilize yet.