EUR/USD Forecast

The euro bounced from key support at 1.1550 on Wednesday but remains in a bearish trend, with traders eyeing short-term rallies as selling opportunities.

EUR/USD remains under pressure as risk-off mood lifts the dollar. Momentum signals point lower and sellers stay in control. A sustained rebound likely needs a shift in risk sentiment plus supportive central-bank signals.

The euro dipped further against the US dollar on Tuesday, with rising US bond demand pushing the greenback higher and exposing EUR/USD to potential declines toward the 1.14 level.

The EUR/USD pair is correcting near key support zones around 1.1600, with Fibonacci levels and technical indicators pointing to a potential bullish rebound if support holds.

The euro remains under pressure after rejecting key technical resistance, with concerns over global growth and a stronger U.S. dollar weighing on EUR/USD sentiment.

EUR/USD is showing signs of a bullish reversal, buoyed by a weaker USD, Fed rate cut expectations, and stabilizing political sentiment in Europe.

The euro reversed early gains on Friday, reinforcing bearish momentum as the pair faces pressure below 1.17 and eyes key support near 1.16.

The euro continues to struggle against key resistance levels as dollar strength holds firm, putting downside targets like 1.1550 and 1.14 back into focus.

The EUR/USD is testing key resistance after forming a potential double bottom, but weak bullish momentum and strong overhead resistance keep bears in control for now.

The euro showed slight recovery against the US dollar, but remains vulnerable below key resistance, with a break under 1.1550 likely to accelerate selling.

The euro continued to show weakness against the US dollar on Tuesday, with key support at 1.1550 in focus as bearish momentum builds below 1.16.

Amid heightened interest from forex traders in the future of US Federal Reserve policies and the ongoing dispute between Trump and bank officials over pressure to continue cutting interest rates, the main focus during today's trading session will be on the reaction to remarks from US Federal Reserve Chair Jerome Powell at 19:30 Egypt time. Prior to that, during the European session, the Euro's price will be influenced by the release of the German ZEW Indicator, which measures confidence in the Eurozone's largest economy, at 12:00 Egypt time.

Investor confidence in the US dollar as a safe-haven asset was renewed following Trump's threat to impose harsh tariffs on China starting next month, despite the ongoing US government shutdown now in its third week. This increased sell orders on the EUR/USD pair last week, with losses extending to the 1.1542 support level, near the pair's two-month low, before it closed the week stable around the 1.1622 level. Today, given the American holiday, the EUR/USD is expected to trade within a narrow range with a downward bias, hovering around and below the 1.1600 support level.

The Euro tried to rally a little bit during the trading session here on Friday, but it looks like the 1.16 level is in fact going to continue to offer a bit of resistance. At this point in time, if it does, the Euro probably drops down to the 1.15 level. And then after that, the 1.14 level, which of course has an area that I think a lot of people will be watching as it's been important previously, and it was where the market tested an uptrend line. Furthermore, the 1.14 level is also an area that the 200 day EMA is racing towards. With this being said, any rally at this point in time, I look at with suspicion until we can break above the 50 day EMA, and that of course being broken to the upside then could reassert the potential of the upside. But I think at this point, it really looks like the Euro is starting to roll over. And it's worth noting that the US dollar is strengthening against most currencies.

The Euro continued its decline on Thursday, breaking below key support as a strengthening US dollar signals growing risk aversion in global markets.