According to Shaun Osborne, Chief FX Strategist at Scotiabank, the Euro (EUR) has experienced a slight 0.2% increase against the US dollar during Thursday’s NA session. It has also shown decreases against safe haven currencies, while strengthening against the Australian dollar (AUD) and Norwegian krone (NOK) due to market concerns about the disinflationary effects of a US/Iran deal. Economic updates have included better-than-expected industrial production data for the euro area and slightly weaker results for Q1 GDP. However, the recent rise in EURUSD seems to have halted and resistance is being noticed around 1.1200. The RSI indicator is showing minimal movement, hovering around the 50 mark, suggesting limited momentum. Short-term support is predicted to be below 1.1100, while recent resistance has been identified above 1.1250.