Pro Ultr Euro

UniCredit: Euro may return to above 1.20 if ECB hikes and Fed cuts

French government calls for assessment of euro appreciation risks to exporters

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USDU

The U.S. Dollar Index declined by 0.24% on the 20th, closing at 99.09. Key exchange rates included 1 euro at 1.1631 dollars, 1 British pound at 1.3442 dollars, and 1 dollar at 158.84 Japanese yen.

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Currencyshares Euro Trust

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Invesco DB US Dollar Index Bullish Fund

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Currencyshares JPY Trust

U.S. Dollar Index Declines 0.24% Against Major Currencies

The EUR/USD pair is testing the critical 1.1580 support level as the US Dollar Index remains strong above 99. Expectations for a Fed rate hike are building, with over 40% of market participants anticipating a 25-basis-point increase by December. A breakout above 1.1850 could lead to bullish momentum, while a drop below 1.1580 may expose further downside risks toward 1.13–1.12.

Forex

EURUSD Price Outlook: Will 1.1580 Hold or Trigger a Deeper Breakdown?

The US dollar remains strong amid inflation concerns and Fed rate hike expectations, with a 50% chance of a hike by year-end. The US-Iran situation continues to be tense, impacting market sentiment. Meanwhile, the euro is also expected to see a rate hike in June, with an 83% probability. Technical analysis shows EUR/USD breaking below key support levels, indicating bearish momentum. Upcoming economic data releases may influence market movements.

Investinglive

EUR/USD continues its run lower amid increasing Fed hike bets, surging Treasury yields

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.

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.

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

The EURUSD is experiencing a significant decline after breaking below key support levels, including the 200-day moving average. Sellers have maintained control, pushing the pair down to a session low of 1.16159. Attempts by buyers to recover have stalled at resistance levels of 1.1655 and 1.16377, reinforcing a bearish trend. As long as the price remains below these resistance points, the downside bias persists, indicating that buyers need to regain control.

EURUSD sellers are leaning aganst corrective resistance targets keeping sellers in control

XDDX

513080

L5EW

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.

Deutsche Bank AG

Global X DAX Germany ETF

Huaan France CAC40 ETF(QDII)

SPDR EURO STOXX 50 ETF

Ossiam Euro STOXX 50 Equal Weight NR UCITS ETF -1C-EUR

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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

Currencyshares British Pound Trust

Euro strengthens against Pound amid ECB rate hike expectations

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%.

MorningStar

Euro Gains 0.56% to $1.1789 — Data Talk

Pro Ultr Euro(ULE.US)