EUR/USD Price Forecast: Trades below 1.1400, near two-month low ahead of Trump-Xi summit
TL;DR: October Fed hike odds have surged to 69.7% on a booming flash PMI, driving the 2-year and 10-year Treasury yields to fresh multi-year highs—and pushing EUR/USD toward a structural decision zone at 1.1323–1.1353.
Euro weakens below 1.1400 as Fed rate hike expectations reinforce US Dollar strength
Euro: Downside bias toward 1.1400 against US Dollar – UOB
EURUSD currency pair recently broke through the key support zone located between the support level 1.1500 and the 61.8% Fibonacci correction of the upward impulse wave (C) from August.
Euro: De-escalation risk weighs on EUR against US Dollar – Commerzbank
DXY remains supported by hawkish Fed expectations as EUR/USD and GBP/USD break key support, while falling oil prices test longer-term rate-hike bets.
EUR/USD Price Forecast: Hits fresh low since July 29, around 1.1425 as USD stays firm
EUR/USD: Catching the 220 pip move lower and hitting the 2R target
Euro: Fair value drop points to downside against US Dollar – ING
DXY remains supported by Fed tightening expectations as it targets 100.53, while EUR/USD stays pressured and GBP/USD attempts to stabilize.
Euro: Downtrend eyes 1.1400 support against US Dollar – UOB