The euro ended the week with losses of over 1.74% against the US dollar and 0.84% intraday. EUR/USD has had four days of declines after falling below the 200-day uncomplicated moving average (SMA) at 1.1672, turning the pair bearish. At the time of writing, the pair was trading at 1.1414.
EUR/USD Price Forecast: Technical Outlook
Weekly analysis
The EUR/USD weekly chart shows the pair falling below 1.1450, opening the door to further declines. The momentum is bearish as the Relative Strength Index (RSI) turned negative three weeks ago after falling below the neutral 50 level.
Therefore, the most likely scenario for EUR/USD is to deepen its losses. The first key support level will be 1.1400, followed by 1.1300. A break of these levels will expose the next major support area, the 100-week SMA at 1.1165.
Daily analysis
The EUR/USD daily chart shows a similar picture, although the first key support level will be the August 1, 2025 level, with a low at 1.1391. If it is exceeded, it opens the way to further declines, and the daily minimum on May 29, 2025 is 1.1210. In case of further weakness, the next area of concern will be the May 12, 2025 low at 1.1065.
Price in euros this week
The table below shows the percentage change of the euro (EUR) against the major currencies traded this week. The euro was strongest against the New Zealand dollar.
| USD | EUR | GBP | JPY | BOOR | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.15% | 0.89% | 1.04% | 0.86% | 0.05% | 1.68% | 1.51% | |
| EUR | -1.15% | -0.36% | -0.11% | -0.32% | -1.12% | 0.37% | 0.34% | |
| GBP | -0.89% | 0.36% | 0.19% | 0.05% | -0.76% | 0.77% | 0.66% | |
| JPY | -1.04% | 0.11% | -0.19% | -0.19% | -0.97% | 0.48% | 0.48% | |
| BOOR | -0.86% | 0.32% | -0.05% | 0.19% | -0.82% | 0.73% | 0.61% | |
| AUD | -0.05% | 1.12% | 0.76% | 0.97% | 0.82% | 1.54% | 1.35% | |
| NZD | -1.68% | -0.37% | -0.77% | -0.48% | -0.73% | -1.54% | -0.11% | |
| CHF | -1.51% | -0.34% | -0.66% | -0.48% | -0.61% | -1.35% | 0.11% |
The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column and the quote currency from the top row. For example, if you select Euro from the left column and move along the horizontal line to US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
