EUR/USD Price Forecast: Is 1.1000 next after the break below 1.1100?

Selling pressure takes EUR/USD below 1.1100; a daily close is needed to confirm the breakdown.
Persistent selling pressure is underscored by a bearish RSI nearing oversold levels.
A lasting break below 1.1100 would bring 1.1050, 1.1000 and 1.0951 into focus.

Selling pressure continues to weigh on EUR/USD below 1.1100, with the pair trading at 1.1092 at the time of writing. Traders are assessing the Fed's hawkish remarks, which have raised the likelihood of an interest rate hike.

EUR/USD Price Forecast: Can the Technical Breakdown Extend?

TMGM Analysis: Financial Market News, Economic Calendar & Market Insights

Sellers retain the upper hand in EUR/USD, with the Relative Strength Index (RSI) in bearish territory and moving towards oversold levels. Although the pair has breached a key technical support, a daily close below 1.1100 is still needed and could open the door to additional declines.

Remaining below 1.1100 could take EUR/USD towards 1.1050, the swing low recorded on 23 May 2025. Beyond that, the psychological mark of 1.1000 would come into view, followed by 1.0951, the low of the day (LOD) on 12 May 2025.

Any recovery would first face resistance at 1.1100. A break above this level would put the day's high of 1.1170 in focus, followed by 1.1200. Further up, key resistance stands at the 4 November level of 1.1273, with 1.1300 beyond it.

EUR/USD Daily Price Chart

How Is the Euro Performing Today?

The Euro's strongest performance today was against the Swiss Franc. The table below sets out the percentage changes in the Euro (EUR) against the major currencies listed.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.67%	0.54%	0.69%	0.42%	0.25%	0.71%	0.98%
EUR	-0.67%		-0.13%	0.02%	-0.25%	-0.42%	0.05%	0.31%
GBP	-0.54%	0.13%		0.15%	-0.13%	-0.29%	0.16%	0.44%
JPY	-0.69%	-0.02%	-0.15%		-0.27%	-0.43%	0.04%	0.30%
CAD	-0.42%	0.25%	0.13%	0.27%		-0.16%	0.30%	0.57%
AUD	-0.25%	0.42%	0.29%	0.43%	0.16%		0.46%	0.74%
NZD	-0.71%	-0.05%	-0.16%	-0.04%	-0.30%	-0.46%		0.25%
CHF	-0.98%	-0.31%	-0.44%	-0.30%	-0.57%	-0.74%	-0.25%

Percentage movements between the major currencies are displayed in the heat map. Select the base currency from the left-hand column and the quote currency from the top row. To read EUR (base)/USD (quote), for instance, choose the Euro on the left and follow its row horizontally to the US Dollar; the intersecting cell shows the percentage change for that pair.