Euro rises to four-month high on optimism about Germany’s infrastructure fund

The euro hit four month highs against the U.S. dollar, as Europe’s growth prospects improved after Germany’s proposed 500-billion euro infrastructure fund, potentially offsetting global trade tensions. The single currency is up nearly 3.7% this week, already on track for its best week since November 2022.

The Euro-Dollar pair exploded 1.4% in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 1.0466 | Resistance: 1.1027