The US Dollar Index (DXY) and EUR/USD are testing defining long-term technical levels that could determine whether the next major move is a breakout or a reversal. At the same time, markets continue to weigh persistent US rate hike expectations against the longer-term implications of the evolving payment framework through the Strait of Hormuz.
Euro: Downside risk toward key supports against US Dollar – UOB
The EUR/USD outlook remains modestly bearish, even if the US dollar has eased off its earlier highs following Kevin Warsh's speech a few moments ago where he offered no major surprises. Investors will likely continue to favour the US dollar as investors digest a Federal Reserve that appears determined to keep inflation under control, even as financial markets continue to debate the timing of the next policy move.
Euro managed to the test resistance zone of 1.1425 last Friday as Intraday prices remain positive, holding the market above 1.1380 to back a potential advance towards the 1.1500-25 zone. Below 1.1380 more of a drop is likely with supports at 1.1310 and 1.1210.
Eurozone flash HICP cools faster-than-expected to 2.8% in June: What it means for EUR/USD?
Intraday analysis covering EURUSD, AUDUSD , and UK 100(the FTSE) , highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. EURUSD gaining lost ground The Euro continues to fight back as prices hit another peak.
Recovery leg from 1.1324 (2026 low, posted last week) started to lose traction, as better than expected inflation numbers from some EU member countries (Germany, France, Italy) cooled expectations for ECB rate hike.
The beginning of a new month marks a good opportunity to review the seasonal patterns that have influenced the forex market over the 50+ years since the Bretton Woods system was dismantled in 1971, ushering in the modern foreign exchange market.
Euro trims losses against the US Dollar, but Fed rate-hike bets keep gains in check.
These remain difficult sessions for the euro in the short term. Despite the recovery attempt at the start of the week, EUR/USD is still down by a little more than 0.1% during the session and is once again trading below the 1.1400 area.
Euro: Resistance at 1.1450 caps upside against US Dollar – Scotiabank
EUR/USD Price Forecast: Looks to extend intraday descent below 1.1400 on firmer USD