# EUR/USD Price Forecast: Double bottom takes shape as buyers regain control

> EUR/USD climbed above 1.1200 on Wednesday as US midterm election results weighed on the dollar. The pair has formed a potential double bottom near 1.1100 and is testing neckline resistance at 1.1250-1.1270 after touching its lowest level since May 2025 last week.

- Date: 2026-11-04 · published 2026-11-04T15:08:32.340Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/79904-eur-usd-price-forecast-double-bottom-takes-shape-as-buyers-regain-control
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lifts the euro and makes US dollar-priced commodities such as soybean meal and corn relatively cheaper for European buyers, while a stronger euro can ease EU feed import costs.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-price-forecast-double-bottom-takes-shape-as-buyers-regain-control-202611041442

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