EUR/USD breaks through 1.1150 support to hit a 17-month low of 1.1100 after US core inflation figures exceeded analyst forecasts, fueling dollar demand.
The EUR/USD pair experienced a significant decline after US inflation data exceeded market expectations, breaking through the critical 1.1150 support level that had held firm since October 5. This move pushed the pair to approximately 1.1100, marking its lowest valuation since May 2025 as the dollar strengthened on the back of the hotter-than-anticipated core inflation figures.
The 1.1150 level acted as a major support floor that successfully halted the pair's decline on four separate occasions since October 5.
Following the inflation data, the pair dropped to just above 1.1100, reaching its lowest point since May 2025.
The EUR/USD pair breached the critical 1.1150 support level following hotter-than-expected US inflation data. The currency pair hit its lowest point since May 2025, signaling a bearish shift in market sentiment as the dollar strengthens against the euro.
The pair fell after US core inflation figures exceeded market forecasts, strengthening the dollar and breaking through a key technical support level at 1.1150.