EUR/USD Dips Below 1.0870 as Dollar Gains Strength

The EUR/USD pair breached the 1.0870 support level, trending towards 1.0800 as the dollar strengthens in anticipation of outcomes from this week's Federal Open Market Committee (FOMC) meeting and various Purchasing Managers' Index (PMI) releases. These events are expected to highlight persistent inflation concerns. Should the pair fall below the current level, it could be driven down further to the next support level at 1.0800, followed by 1.0700.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1100	1.1000	1.0950	1.0870	1.0800	1.0700