EUR/USD trades at 1.1092 as hawkish Federal Reserve rhetoric drives a broad rally in the US Dollar, with the pair eyeing further downside toward 1.1050 and 1.1000.
EUR/USD trades at 1.1092 on Wednesday, its lowest since May 2025, after the Fed's hawkish comments raised odds of a rate hike. A daily close below 1.1100 would open the way toward the 1.1050 swing low, 1.1000 and the 1.0951 May 12 low. The bearish RSI supports sellers, though a rebound back above 1.1100 would invalidate the breakdown.
The Fed's hawkish comments have increased the odds of a rate hike, lifting the dollar broadly. The heat map shows the USD up against all majors, +0.67% vs EUR, +0.69% vs JPY and +0.98% vs CHF. Continued hawkish repricing could extend the dollar's gains.
The EUR/USD pair fell to 1.1092 on Wednesday, marking its lowest level since May 2025. The decline follows hawkish commentary from the Federal Reserve that increased market expectations for a potential rate hike, strengthening the US Dollar across the board.
Traders are digesting the Fed's hawkish comments, which have increased the odds of a rate hike, pushing the pair below 1.1100 to 1.1092, its lowest since May 2025.
A daily close below 1.1100 targets 1.1050, then 1.1000 and 1.0951. On the upside, 1.1100, 1.1170, 1.1200 and 1.1273 are the key resistance levels.
The Fed's hawkish comments have increased the odds of a rate hike, and the dollar rose against all major currencies, including +0.67% against the euro.
Yes, the percentage change table shows the USD gained against every listed major currency today, with its largest gain of 0.98% against the Swiss Franc.