EUR/USD Price Forecast: Break below 1.1100 puts 1.1000 in focus

EUR/USD slips below 1.1100, awaiting daily close to confirm breakdown.
Bearish RSI approaches oversold territory, reinforcing persistent selling pressure.
Sustained break below 1.1100 exposes 1.1050, 1.1000 and 1.0951.

The EUR/USD extends its losses below 1.1100 as traders digest the Fed's hawkish comments, which have increased the odds of a rate hike. At the time of writing, the pair trades at 1.1092.

EUR/USD Price Forecast: Technical outlook

From a technical standpoint, EUR/USD cleared a key support level, but a daily close below 1.1100 would be required, potentially paving the way for further losses. The Relative Strength Index (RSI) is bearish and trending towards oversold territory, indicating that sellers are in control.

TMGM tahlili: Moliyaviy bozor yangiliklari, iqtisodiy kalendar va bozor tahlillari

If EUR/USD stays below 1.1100, a move towards the May 23, 2025, swing low of 1.1050 is on the cards. The next stop is the 1.1000 psychological level, followed by the May 12, 2025, low of the day (LOD) at 1.0951.

On the upside, the first resistance is 1.1100. Once hurdled, the next stop is the day’s high of 1.1170, ahead of 1.1200. Key resistance lies above at 1.1273 on November 4, followed by 1.1300.

EUR/USD Price Chart – Daily

Euro Price Today

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

	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%

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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