EUR/USD Price Forecast: Looks to extend intraday descent below 1.1400 on firmer USD
- EUR/USD meets with a fresh supply as Iran risks and hawkish Fed bets revive USD demand.
- Receding bets for a rate hike by the ECB undermine the Euro and contribute to the decline.
- The mixed technical setup warrants some caution before placing aggressive directional bets.
The EUR/USD pair attracts some sellers during the Asian session on Tuesday, snapping a three-day winning streak and stalling its recent recovery from the lowest level since May 2025 set last week. Spot prices slip below the 1.1400 mark amid a firmer US Dollar (USD) and seem vulnerable to weaken further.
Renewed US-Iran hostilities and Israeli strikes on Lebanon keep geopolitical risk premiums in play. This, along with elevated expectations of Federal Reserve (Fed) interest rate hikes, assists the safe-haven USD to regain positive traction following a three-day downfall. Adding to this, reduced bets for a rate hike by the European Central Bank (ECB) in 2026 exert some downward pressure on the EUR/USD pair.
From a technical perspective, spot prices maintain a bearish outlook below the 200-period Exponential Moving Average (EMA) on the 4-hour chart and the 1.1500 psychological mark. Moreover, momentum indicators suggest that the downside pressure is moderating but not yet strong enough to challenge overhead resistance. In fact, the Relative Strength Index (RSI) near 49.1 hints at neutral bias after recovering from oversold territory.
Adding to this, the Moving Average Convergence Divergence (MACD) is marginally positive, with the line above zero and a modestly positive profile. Hence, any subsequent decline below the 1.1380 immediate support is more likely to attract some buyers near the 1.1335 zone. The latter should act as a key pivotal point, which, if broken decisively, will be seen as a fresh trigger for bearish traders and pave the way for deeper losses.
On the topside, initial resistance is clearly defined by the 1.1500 psychological mark and the 200-period EMA at 1.1538, which acts as the primary cap on any recovery attempts. The EUR/USD pair would need to reclaim the said barriers to ease the broader bearish tone and shift the technical picture toward a more constructive outlook.
(The technical analysis of this story was written with the help of an AI tool.)
EUR/USD 4-hour chart
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.21% | 0.18% | 0.15% | 0.15% | 0.24% | 0.01% | 0.20% | |
| EUR | -0.21% | -0.03% | -0.09% | -0.10% | 0.03% | -0.21% | -0.02% | |
| GBP | -0.18% | 0.03% | -0.04% | -0.04% | 0.08% | -0.16% | 0.00% | |
| JPY | -0.15% | 0.09% | 0.04% | 0.00% | 0.10% | -0.11% | 0.05% | |
| CAD | -0.15% | 0.10% | 0.04% | -0.01% | 0.08% | -0.13% | 0.04% | |
| AUD | -0.24% | -0.03% | -0.08% | -0.10% | -0.08% | -0.20% | -0.04% | |
| NZD | -0.01% | 0.21% | 0.16% | 0.11% | 0.13% | 0.20% | 0.15% | |
| CHF | -0.20% | 0.02% | -0.00% | -0.05% | -0.04% | 0.04% | -0.15% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Haresh Menghani
FXStreet
Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.
