EUR/USD Price Forecast: Declines below 1.1200 as bearish bias holds below key technical resistance

After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Dec 28, 2016Euro To Dollar Forecast: Rally In EUR USD Exchange Rate Falters And 2017 Looks Bearish+0.2%
• Aug 1, 2019Dollar Powered Up by Fed Powell, Broke Key Resistance Against Euro - ActionForex+1.0%
• Apr 28, 2023EUR/USD Rate Forecast: Near-term Peak is Close DNB Bank-0.1%
• Jun 13, 2024EUR/USD declines as the Fed's hawkish narrative outweighs soft US CPI and PPI report-1.2%
• Feb 26, 2021EUR/USD Falls Steeply; Could Drop Below 1.2000 As ECB Policymaker Calls for PEPP Acceleration-1.5%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Dec 28, 2016Euro To Dollar Forecast: Rally In EUR USD Exchange Rate Falters And 2017 Looks Bearish-0.1%
• Aug 1, 2019Dollar Powered Up by Fed Powell, Broke Key Resistance Against Euro - ActionForex+1.1%
• Apr 28, 2023EUR/USD Rate Forecast: Near-term Peak is Close DNB Bank-0.3%
• Jul 30, 2026British Pound declines as Fed hawkish rate holds boost US Dollar, BoE rate decision looms-1.2%
• Jun 13, 2024EUR/USD declines as the Fed's hawkish narrative outweighs soft US CPI and PPI report+0.3%