As the week begins, the U.S. Dollar has shown signs of strength, rebounding against several major currencies. Here's a detailed look at the current trends and forecasts for EUR/USD, GBP/USD, USD/CAD, and USD/JPY. EUR/USD: Pullback Amid Declining Ifo Business Climate The EUR/USD pair has experienced a pullback, influenced by the latest Ifo Business Climate report from Germany. The report indicated a decline in business sentiment, dropping from 87.0 in July to 86.6 in August¹. This decline has put pressure on the Euro, causing it to retreat against the strengthening U.S. Dollar. Traders are now eyeing the support levels at 1.1110 – 1.1135, with further declines potentially targeting the 1.0980 – 1.1000 range. GBP/USD: Lower Amid Profit-Taking The GBP/USD pair has moved lower, primarily due to profit-taking activities. With no significant economic reports from the UK, the pair's movement has been driven by general market sentiment. If the pair settles below the 1.3200 leve...