The Euro managed to break below the support trend at 1.1390. If prices hold below the daily close of 1.1410, more of a drop is likely towards the 1.1200-50 zone.
EUR/USD: Inflation-driven stabilisation hopes – ING
Iran tensions and Fed hike expectations support DXY as EUR/USD tests oversold support and GBP/USD remains trapped below key resistance.
EUR/USD Price Forecast: Consolidates above 1.1350 pivotal support as bearish bias persists
EUR/USD selloff gathers steam — Can bulls find a lifeline?
Looking at the 4-hour chart, the pair settled below 1.1450, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The bears even pushed the pair below 1.1380.
After coming under significant pressure in recent weeks, the EUR/USD came off its lows to finish the week on a positive note on Friday, albeit with only a mild rebound. That was not enough to prevent the exchange rate falling for the third consecutive week, as the US dollar and bond yields rallied across the board.
EUR/USD Weekly Forecast: The Dollar takes back control
Euro: Correction seen near key averages against US Dollar – Societe Generale
Euro: Downside scope seen limited against US Dollar – UOB
EUR/USD Price Forecast: At make or a break near 1.1350
Morning briefing: EUR/USD can test 1.1300