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

> EUR/USD traded near 1.1195, below 1.1200, with the forecast describing a bearish technical outlook below the 100-day moving average. Safe-haven demand for the dollar amid a technology-stock sell-off added pressure, while traders awaited US employment data and assessed the election's effect on Fed rate expectations.

- Date: 2026-11-06 · published 2026-11-06T12:09:28.034Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/83827-eur-usd-price-forecast-declines-below-1-1200-as-bearish-bias-holds-below-key
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven demand can support the dollar and weigh on EUR/USD, although changes in expected Fed rates may temper that support. The report identifies no direct feed-market transmission.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-12-28 | [Euro To Dollar Forecast: Rally In EUR USD Exchange Rate Falters And 2017 Looks Bearish](https://feedsoft.ai/events/73670-euro-to-dollar-forecast-rally-in-eur-usd-exchange-rate-falters-and-2017-looks.md) | +0.2% | +2.2% |
| EURUSD | 2019-08-01 | [Dollar Powered Up by Fed Powell, Broke Key Resistance Against Euro - ActionForex](https://feedsoft.ai/events/10781-dollar-powered-up-by-fed-powell-broke-key-resistance-against-euro-actionforex.md) | +1.0% | -0.4% |
| EURUSD | 2023-04-28 | [EUR/USD Rate Forecast: Near-term Peak is Close DNB Bank](https://feedsoft.ai/events/36618-eur-usd-rate-forecast-near-term-peak-is-close-dnb-bank.md) | -0.1% | -2.7% |
| EURUSD | 2024-06-13 | [EUR/USD declines as the Fed's hawkish narrative outweighs soft US CPI and PPI report](https://feedsoft.ai/events/29982-eur-usd-declines-as-the-fed-s-hawkish-narrative-outweighs-soft-us-cpi-and-ppi.md) | -1.2% | +0.5% |
| EURUSD | 2021-02-26 | [EUR/USD Falls Steeply; Could Drop Below 1.2000 As ECB Policymaker Calls for PEPP Acceleration](https://feedsoft.ai/events/9590-eur-usd-falls-steeply-could-drop-below-1-2000-as-ecb-policymaker-calls-for-pepp.md) | -1.5% | -3.7% |
| DXY | 2016-12-28 | [Euro To Dollar Forecast: Rally In EUR USD Exchange Rate Falters And 2017 Looks Bearish](https://feedsoft.ai/events/73670-euro-to-dollar-forecast-rally-in-eur-usd-exchange-rate-falters-and-2017-looks.md) | -0.1% | -1.6% |
| DXY | 2019-08-01 | [Dollar Powered Up by Fed Powell, Broke Key Resistance Against Euro - ActionForex](https://feedsoft.ai/events/10781-dollar-powered-up-by-fed-powell-broke-key-resistance-against-euro-actionforex.md) | +1.1% | +2.1% |
| DXY | 2023-04-28 | [EUR/USD Rate Forecast: Near-term Peak is Close DNB Bank](https://feedsoft.ai/events/36618-eur-usd-rate-forecast-near-term-peak-is-close-dnb-bank.md) | -0.3% | +1.2% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-price-forecast-declines-below-11200-as-bearish-bias-holds-below-key-technical-resistance-202611060539

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