EURUSD remains under heavy pressure after breaking below the 1.1700 support zone on the H4 chart.
Price continues making lower lows with almost no meaningful rebound, confirming that sellers still dominate short-term momentum. Technically, EMA34 remains below EMA89, while the widening gap between both EMAs signals an accelerating bearish trend.
The key support zone now sits around 1.1570 – 1.1550. If this area breaks, EURUSD could quickly fall toward 1.1500.
The main pressure comes from strong USD recovery as US bond yields stay near multi-year highs and markets continue expecting the Fed to keep a hawkish policy stance.
At the same time, hotter US inflation data has reduced expectations for Fed rate cuts in 2026, keeping sustained pressure on the euro.
Price continues making lower lows with almost no meaningful rebound, confirming that sellers still dominate short-term momentum. Technically, EMA34 remains below EMA89, while the widening gap between both EMAs signals an accelerating bearish trend.
The key support zone now sits around 1.1570 – 1.1550. If this area breaks, EURUSD could quickly fall toward 1.1500.
The main pressure comes from strong USD recovery as US bond yields stay near multi-year highs and markets continue expecting the Fed to keep a hawkish policy stance.
At the same time, hotter US inflation data has reduced expectations for Fed rate cuts in 2026, keeping sustained pressure on the euro.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.