EUR/USD Price Forecast: Break below 1.1100 puts 1.1000 in focus
- EUR/USD slips below 1.1100, awaiting the daily close to confirm the 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 pair extends its losses below 1.1100 on Wednesday as traders digest the Federal Reserve's (Fed) hawkish comments, which have increased the odds of a rate hike. At the time of writing, the pair trades at 1.1092, its lowest level since May 2025.
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.
If EUR/USD stays below 1.1100, a move toward 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).
Author
Christian Borjon Valencia
FXStreet
Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.
