EUR/USD Price Forecast: Euro stalls below 1.1475 despite US Dollar weakness
The Euro (EUR) trades higher for the second consecutive day on Friday, with the US Dollar (USD) on its back foot in the aftermath of the disappointing US Nonfarm Payrolls (NFP) report released on Thursday. The EUR/USD pair, however, is struggling to breach resistance at 1.1475 so far.
  • EUR/USD extends on Friday but remains capped below 1.1475.
  • Soft US employment figures have cooled Fed tightening hopes and are weighing on the US Dollar.
  • The Euro is likely to meet significant resistance ahead of 1.1500.

The Euro (EUR) trades higher for the second consecutive day on Friday, with the US Dollar (USD) on its back foot in the aftermath of the disappointing US Nonfarm Payrolls (NFP) report released on Thursday. The EUR/USD pair, however, is struggling to breach resistance at 1.1475 so far.

US economy produced 57K net jobs in June, according to NFP figures, just above half of the 110K expected by the market, while May’s reading was revised down to 129K from the 172K previously estimated. These figures have cooled market hopes of immediate Federal Reserve (Fed) interest rate hikes and sent the US Dollar lower against its main peers.

Beyond that, data from the Eurozone has been Euro-supportive on Friday. June’s final HCOB Services Purchasing Managers’ Index (PMI) has been revised up to a 49.4 reading from the previously estimated 48.9, pushing the Composite PMI up to 50 from the 49.5 reading shown at the preliminary estimates. German and Spanish services activity has been stronger than previously thought in June, while Italian and French services figures were revised lower,

Technical Analysis: Bulls are likely to be tested ahead of 1.1500

Chart Analysis EUR/USD

EUR/USD trades at 1.1455, maintaining a constructive near-term, yet with upside attempts capped below the 1.1475-1.1500 area. Momentum supports the bullish tone, with the Relative Strength Index (14) hovering in the low 60s and the Moving Average Convergence Divergence (MACD) line modestly positive.

Bulls, however, are likely to meet significant resistance ahead of 1.1500, where the June 8, 11 and 17 lows meet the 38.2% Fibonacci retracement of the May-June downtrend. If these levels give way, the next target is at the June 15 and 16 highs around 1.1620.

On the downside, Wednesday's low in the 1.1360 area is likely to hold bears, ahead of the horizontal floor at 1.1333 (June 24 low). A break of that level would expose the late-May 2025 low at 1.1210.

(The technical analysis of this story was written with the help of an AI tool.)

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.14% -0.08% 0.02% 0.10% -0.21% -0.26% -0.10%
EUR 0.14% 0.06% 0.15% 0.24% -0.11% -0.11% 0.05%
GBP 0.08% -0.06% 0.09% 0.18% -0.18% -0.17% -0.01%
JPY -0.02% -0.15% -0.09% 0.10% -0.26% -0.28% -0.10%
CAD -0.10% -0.24% -0.18% -0.10% -0.37% -0.37% -0.20%
AUD 0.21% 0.11% 0.18% 0.26% 0.37% 0.00% 0.16%
NZD 0.26% 0.11% 0.17% 0.28% 0.37% -0.00% 0.16%
CHF 0.10% -0.05% 0.01% 0.10% 0.20% -0.16% -0.16%

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 Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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실시간 시세

이름 / 기호
차트
% 변동 / 가격
GBPUSD
1일 변동
+0%
0
EURUSD
1일 변동
+0%
0
USDJPY
1일 변동
+0%
0

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