EUR/USD Price Forecast: Remains below 1.1700 amid weakening momentum

EUR/USD remains steady after four days of losses, trading around 1.1680 during the Asian hours on Thursday. On the daily chart, the 14-day Relative Strength Index (RSI) at 42.6 (neutral-bearish) indicates weakening momentum after slipping below the 50 midline.
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US Dollar Index treads water above 98.50 due to market caution

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after two days of gains and hovering around 98.70 during the Asian hours on Thursday.
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