The Euro has been under pressure since the start of the Iran conflict while the dollar has gained net support with the Euro to Dollar (EUR/USd) exchange rate sliding to 7-month lows around 1.1415 before a slight recovery. Nordea notes the potential short-term Euro risks and potential dollar short covering, but still sees dollar gains as.
At peak I, bulls exhausted their strength: after forming a consolidation zone near the channel's median, bears regained control and pushed the price to a new yearly low, driven by a bearish fundamental backdrop.
EUR/USD Price Forecast: Struggles to extend recovery above 1.1530
The Euro retreated from the resistance of 1.1655 and managed to close from the target and support of 1.1400 last Friday. The market is still facing pressure towards the 1.1200 zone with resistances at 1.1530 and 1.1655.
EUR/USD: Downside risks despite upbeat year-end view – ING
EUR/USD: Rate differentials regain focus – Commerzbank
EUR/USD declines below 1.1500 as markets await Fed, ECB rate decisions
The Euro bounced from new multi-month low (1.1410) on Monday as traders collect profits from strong fall in past two weeks (the pair was down 3%).
EUR/USD slips below 1.1500 amid USD uptick; focus remains on central bank meetings
The ECB may raise rates in 2026, possibly before the Fed does anything. But EUR/USD might not have a straightforward response because of a major policy plot twist.
EUR/USD rebounds toward 1.1500 as US Dollar pauses; Fed and ECB decisions in focus
EUR/USD: Energy shock keeps pair under pressure – MUFG