Euro Slips on Strong US PMI; Greenback Bolstered by Geopolitical Risks and Hawkish Fed Expectations

The Euro slipped against the US Dollar, paring earlier gains, as strong US PMI data and widening Middle East tensions bolstered the Greenback. Hawkish Federal Reserve expectations and widening interest rate differentials are key drivers. Technical analysis suggests EUR/USD faces resistance, while geopolitical risks reinforce USD's safe-haven appeal.