Euro: Pressured as US Dollar stays firm – Danske Bank
GBP/USD is trading close to this year's lows as political uncertainty builds and speculation surrounding Prime Minister Keir Starmer's future adds another headwind for sterling.
Euro: Consolidation before potential slide against US Dollar – UOB
EUR/USD Price Forecast: Loses traction to near 1.1450 as bearish trend tests lower Bollinger support
Looking at the 4-hour chart, the pair settled below 1.1500, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). A low was formed at 1.1471, and the pair started a minor recovery wave.
This weekly EUR/USD outlook article was written before the FX markets closed on Friday. At the time of writing, the pair was holding flat on the day, having risen noticeably off its earlier lows when it hit 1.1418.
The Euro to Dollar (EUR/USD) exchange rate has weakened sharply this month, falling to around 1.1470 after trading above 1.16 earlier in June. UBS expects EUR/USD to remain under pressure in the short term, but continues to forecast a recovery towards 1.20 over the next year as structural headwinds for the US Dollar re-emerge.
Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside
The Euro managed to hold below the resistance of 1.1620 and managed to resume the drop below 1.1500 and closed from the support 1.1390. As we see from the chart, the Intraday levels show resistance around 1.1530, while support at 1.1390 could hold a trading zone here.
The Euro trades near 2026 low (1.1410) on Friday, holding in red for the third straight day, in reaction to hawkish signals from Fed (the pair has registered the biggest daily loss since 30 July 2025 on Wednesday, following Fed's hawkish hold).
EUR/USD fell on Friday to its lowest level since 31 March 2026 and is holding near 1.1457. The US dollar is being supported by rapidly growing expectations of further Federal Reserve policy tightening following more hawkish-than-expected signals from the regulator.
EUR/USD Price Forecast: Weakens below 1.1450 amid oversold RSI momentum