**BREAKING: Euro Eyes Return to 1.15 Against Dollar on Geopolitical Easing**
The euro may have found its floor against the US dollar last week and could climb back toward 1.15 if geopolitical tensions continue to ease, according to ING currency strategist Francesco Pesole. The assessment comes as markets digest recent developments in global risk sentiment and central bank policy expectations.
Pesole warns that a sustained push above the 1.15 level will require two critical factors: a dovish repricing of Federal Reserve policy expectations and stabilized risk appetite across global markets. The euro has faced headwinds in recent months from aggressive Fed policy and periodic risk-off episodes driven by geopolitical uncertainty.
Traders are now watching for signals from upcoming Fed communications and further developments in geopolitical hotspots to determine whether the currency pair can sustain upward momentum. The potential move higher would mark a significant reversal from recent dollar strength.
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FXnCO Insight
** EUR/USD long positions above current levels should be contingent on confirmed dovish Fed signals and sustained geopolitical de-escalation, with 1.15 representing key resistance requiring both conditions to break convincingly.
Source: FXStreet