1.1000 in Focus After EUR/USD Breaks Below 1.1100: Price Forecast

1.1100 gives way in EUR/USD. A daily close is needed to confirm the breakdown.
Persistent selling pressure is underscored by a bearish RSI nearing oversold levels.
Below 1.1100, a sustained break puts 1.1050, 1.1000 and 1.0951 in focus.

EUR/USD trades at 1.1092 at the time of writing. Losses are deepening below 1.1100 as traders assess hawkish comments from the Fed that have raised the likelihood of a rate hike.

1.1100 Breakdown: EUR/USD Technical Price Outlook

A key EUR/USD support level has given way, though confirmation requires a daily close below 1.1100. Such a close could open the door to additional declines. Sellers retain control, with the Relative Strength Index (RSI) showing bearish momentum and moving towards oversold territory.

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

A recovery would first face resistance at 1.1100. Clearing that level would bring the day's high of 1.1170 into focus, with 1.1200 next. Further up, key resistance stands at the 4 November level of 1.1273, followed by 1.1300.

EUR/USD Daily Price Chart

Euro Performance Today

Against the major currencies listed below, the Euro (EUR) recorded its strongest performance today against the Swiss Franc. The table sets out today's percentage changes for each pairing.

	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 major currencies are displayed in the heat map. Read it by selecting the base currency in the left-hand column and the quote currency in the top row. For instance, choosing the Euro on the left and following its row across to the US Dollar gives the percentage change for EUR (base)/USD (quote) in the corresponding cell.