Pro Ultrshort Euro

ECB Rate Hike Expectations Fall, Eurozone Bonds and Euro Decline

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On May 19, the U.S. Dollar Index fell by 0.09% to 99.192. The euro strengthened to 1.1637 dollars, while the British pound rose to 1.3411 dollars. The dollar increased against the yen to 159.01, but weakened against the Swiss franc at 0.7856. The Canadian dollar slightly rose to 1.3749, and the dollar fell against the Swedish krona to 9.4093.

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Wtree Bbg Usd Bull

U.S. Dollar Index Declines Amid Currency Exchange Rate Fluctuations

The EURUSD currency pair is testing the key resistance level of 1.1655, having reached a high of 1.16565. After a brief dip to 1.1632, it is retesting the resistance. If buyers break through 1.1655, attention will shift to the 100-hour MA at 1.16775. Conversely, failure to break this level may lead to a decline towards 1.1637 and potentially lower.

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Pro Ultr Euro

EURUSD bangs against target resistance at 1.1655. Can the buyers get through the target.

The euro could come under pressure if yields in long-dated eurozone government bond yields rise further.

Euro could fall if long-dated yields rise further

EUR/USD has experienced a five-day selloff, breaking below the May opening range and approaching major support near 1.16. The decline reflects increasing downside momentum, with key support levels at 1.1598-1.1603 and 1.1578. A break below these levels could lead to further downtrend acceleration, while stabilization may allow for a recovery. Resistance is noted at 1.1667/82 and 1.1731/46. Traders are advised to monitor these levels closely as the economic calendar remains light next week.

Forex

Euro Short-term Outlook: EUR/USD Five-day Selloff Breaks May Lows—1.16 Now in Focus

The EUR/USD forecast is under pressure as global risk sentiment deteriorates, with the euro breaking below key support at 1.1700. Rising US bond yields and inflation concerns, alongside elevated oil prices, are contributing to dollar strength. Markets are reacting to geopolitical tensions and a reassessment of the Federal Reserve's path, leading to increased volatility. The next support for EUR/USD is seen around 1.1575-1.1605, with further declines possible if risk sentiment worsens.

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NVIDIA Corporation

EUR/USD forecast: Risk appetite hit as yields and dollar extend rise – FOREX Friday

The EUR/USD currency pair has fallen 0.3% to 1.1630, marking a five-week low as it breaks below the 200-day moving average. The euro has been trading within a range since mid-April, and the ongoing US-Iran conflict, coupled with the recent Trump-Xi meeting, has left markets unsettled. Analysts suggest that without positive developments from the Middle East, the pair may test the 1.1500 mark next.

EUR/USD falls to fresh five-week low as dollar firms in final stretch of the week

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ECB's Muller emphasizes the need for a quick resolution regarding the Strait of Hormuz to avoid a rate hike in June. Despite rising inflation due to the US-Iran conflict, he remains optimistic about the Eurozone's economic foundation, which has not entered stagflation. The Eurozone GDP showed a modest 0.1% growth in Q1, with a slowdown expected in Q2. ECB President Lagarde notes a "double uncertainty" regarding energy shocks and their effects on wages and prices, suggesting potential interest rate hikes if conditions do not improve.

- The Eurozone has not yet fallen into stagflation, and there is no reason to talk about recession.  
- Müller expresses cautious optimism about the economic fundamentals despite rising inflation and economic activity suppression from geopolitical tensions.  
- The European Central Bank needs to respond quickly to disruptions in the Strait of Hormuz to avoid interest rate increases in June, with officials warning that two rate hikes may be necessary if conditions do not improve.

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ETFS Capital Ltd.

ECB's Muller: The ECB will need a fast resolution on Hormuz to hold in June

The Euro strengthened against the Pound, reaching 0.8665, as the Pound weakened due to political uncertainty in the UK following significant losses for the Labour Party in recent elections. UK Prime Minister Keir Starmer faced pressure to announce his departure timeline, contributing to market concerns. Meanwhile, expectations of further interest rate hikes from the European Central Bank (ECB) supported the Euro, with a 92% probability of a 25 basis point increase anticipated at the June meeting. Investors are awaiting ZEW economic sentiment surveys for further direction.

Invezz

Euro strengthens against Pound amid ECB rate hike expectations

The EUR/USD remains rangebound as the US dollar strengthens amid ongoing US-Iran tensions and expectations of Federal Reserve rate hikes. Both Trump and Iran rejected proposals to end the conflict, impacting market sentiment. The Fed is shifting away from easing, with a potential June rate hike priced in at 84%. Meanwhile, the ECB is cautious about multiple hikes due to mixed economic signals. Technical analysis shows EUR/USD trading between 1.18 resistance and 1.1650 support, with upcoming US economic data likely to influence direction.

EUR/USD remains rangebound amid the prolonged US-Iran stalemate and widely expected hikes

The euro gained 0.56% against the dollar, reaching $1.1789, marking its largest one-week percentage gain since April 10, 2026. It has risen for two consecutive weeks, totaling a 0.57% increase over this period. The euro has appreciated in five of the last six weeks and recorded a 0.55% gain today, the largest one-day increase since March 31, 2026. Currently, it is 2.10% off its 52-week high and up 6.32% from its 52-week low, with a year-to-date increase of 0.33%.

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Euro Gains 0.56% to $1.1789 — Data Talk

Pro Ultrshort Euro(EUO.US)

U.S. Dollar Index Declines Amid Currency Exchange Rate Fluctuations

EURUSD bangs against target resistance at 1.1655. Can the buyers get through the target.

Euro could fall if long-dated yields rise further

Euro Short-term Outlook: EUR/USD Five-day Selloff Breaks May Lows—1.16 Now in Focus

EUR/USD forecast: Risk appetite hit as yields and dollar extend rise – FOREX Friday