News report 💱 Forex 🌍 GLOBAL

EUR/USD Retreats to 1.1200 After Touching October Highs

EUR/USD climbed to its highest level since October 22 at 1.1250 before retracing half of its gains to settle back within Friday's trading range.

📅 November 2, 2026 🕐 1 min read

1 assets impacted (Forex). Net bias: 0 Bullish, 0 Bearish, 1 Neutral. Strongest signal: EUR/USD → 3/10 (60% confidence).

📊 Affected Assets (1)

EUR/USD

Neutral 🤖 60%

⚡ Intraday 🌍 GLOBAL · Explicit

EUR/USD rose to a high near 1.1250 before retracing half of its gain, trading back inside Friday's range.

🎯 Key Takeaways

EUR/USD hit a session high of 1.1250, marking the strongest level since October 22.
The pair failed to sustain momentum above Friday's high, pulling back to the 1.1200 level.
Price action remains contained within the established range observed at the end of last week.

📝 Executive Summary

The Euro surrendered early gains against the US Dollar, retreating from a session high of 1.1250 to trade near 1.1200. The currency pair briefly breached Friday's peak before falling back into the previous trading range.

❓ FAQ

What is the current trend for EUR/USD?

The pair is showing volatility, having spiked to 1.1250 before retracing to 1.1200, indicating that it remains range-bound within Friday's parameters.

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