# EUR/USD Price Forecast: Strengthens above 1.1200, but remains capped below 100-day SMA

> EUR/USD rose to around 1.1235 in early European trading on Wednesday as early US midterm results showed Democrats winning control of the Senate and House. Analysts expect a Democratic sweep could limit government spending and weigh further on the dollar.

- Date: 2026-11-04 · published 2026-11-04T06:08:10.318Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/79188-eur-usd-price-forecast-strengthens-above-1-1200-but-remains-capped-below-100
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar on expectations of a Democratic sweep tends to support dollar-priced commodities, though the pair remains below its 100-day SMA, so the move is modest.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-28 | [USD/JPY strengthens to near 149.50 as US PCE data reinforces Fed dovish bets](https://feedsoft.ai/events/23130-usd-jpy-strengthens-to-near-149-50-as-us-pce-data-reinforces-fed-dovish-bets.md) | -0.3% | +0.3% |
| DXY | 2025-11-25 | [EUR/USD Forecast: Advances as US data, dovish Fed signal rate cut](https://feedsoft.ai/events/22154-eur-usd-forecast-advances-as-us-data-dovish-fed-signal-rate-cut.md) | -0.6% | -1.8% |
| DXY | 2023-12-22 | [Peso strengthens to best rate against the US dollar since August](https://feedsoft.ai/events/32933-peso-strengthens-to-best-rate-against-the-us-dollar-since-august.md) | -0.8% | +1.5% |
| DXY | 2026-07-31 | [EUR/USD Price Forecast — Euro (1.1501) Holds 1.15 as Eurozone GDP Doubles Forecast at 0.4% and HICP Hits 2.9%](https://feedsoft.ai/events/18563-eur-usd-price-forecast-euro-1-1501-holds-1-15-as-eurozone-gdp-doubles-forecast.md) | -0.1% | -1.1% |
| DXY | 2024-08-02 | [Forecasting the Coming Week: Focus remains on data and rate cut bets](https://feedsoft.ai/events/9289-forecasting-the-coming-week-focus-remains-on-data-and-rate-cut-bets.md) | -0.3% | -1.3% |
| EURUSD | 2025-11-25 | [EUR/USD Forecast: Advances as US data, dovish Fed signal rate cut](https://feedsoft.ai/events/22154-eur-usd-forecast-advances-as-us-data-dovish-fed-signal-rate-cut.md) | +0.7% | +2.2% |
| EURUSD | 2026-07-31 | [EUR/USD Price Forecast — Euro (1.1501) Holds 1.15 as Eurozone GDP Doubles Forecast at 0.4% and HICP Hits 2.9%](https://feedsoft.ai/events/18563-eur-usd-price-forecast-euro-1-1501-holds-1-15-as-eurozone-gdp-doubles-forecast.md) | -0.0% | +1.1% |
| EURUSD | 2024-08-02 | [Forecasting the Coming Week: Focus remains on data and rate cut bets](https://feedsoft.ai/events/9289-forecasting-the-coming-week-focus-remains-on-data-and-rate-cut-bets.md) | +1.2% | +2.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-price-forecast-strengthens-above-11200-but-remains-capped-below-100-day-sma-202611040555

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