# EUR/USD Price Forecast: EUR/USD (1.1228) Gains 62 Pips as WTI Sinks 6% and DXY Slips to 101.53 - 1.1285 Upside Target

> EUR/USD rose 62 pips to 1.1228 as WTI dropped 6.28% to $97.58 and the dollar index fell to 101.53. The euro is capped by a 150-basis-point gap between Fed and ECB policy rates and Fitch's negative outlook on France.

- Date: 2026-11-02 · published 2026-11-02T21:10:31.189Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/75882-eur-usd-price-forecast-eur-usd-1-1228-gains-62-pips-as-wti-sinks-6-and-dxy
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The oil-driven drop lowers energy and fertiliser cost pressure for feed producers, while a weaker dollar supports US commodity prices in dollar terms for importers in euro-area markets.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- EURUSD: bullish ▲

## Sources

- tradingnews.com: https://www.tradingnews.com/news/eur-usd-11228-clears-11196-on-oil-collapse-as-france-spread-holds-at-165bp

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.