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EUR/USD held flat at 1.1631 as a firmer dollar from the crypto-driven risk-off capped the euro near the middle of its recent range.

DXY at 99.2 is still historically soft, so the ECB-Fed rate gap keeps EUR bid on dips, but upside momentum has stalled around 1.1600.

1.1600 is the line in the sand; a break opens 1.1530. Reclaiming 1.1700 is needed to revive the bull case.

The S&P 500 notched another record close at 7,610, up 0.1%, as a powerful chip rally outweighed an oil spike and the crypto rout.

AI is doing the heavy lifting and breadth is narrow, with semiconductors carrying the index higher.

Sustaining records needs follow-through from mega-cap tech; Friday's NFP print is the next macro test.