# EUR/USD Price Forecast: Gains ground above 1.1150, while retaining bearish bias below 100-day SMA

> EUR/USD rose to around 1.1160 in early European trading, supported by expectations that the European Central Bank may raise rates in December. Stronger-than-expected US employment data and the pair’s position below its 100-day moving average were cited as factors limiting gains and sustaining a bearish technical outlook.

- Date: 2026-11-09 · published 2026-11-09T06:24:49.903Z
- Category: macro · region Eurozone and United States · magnitude low
- Page: https://feedsoft.ai/events/89019-eur-usd-price-forecast-gains-ground-above-1-1150-while-retaining-bearish-bias
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Shifting expectations for ECB and Federal Reserve rates can move the euro-dollar exchange rate and affect the cost of imported feed ingredients. The session’s rise was modest, while the resilient US jobs data and bearish technical bias point to downside risk for EUR/USD.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-01-28 | [FX: Challenging our bearish dollar forecast \| articles \| ING THINK](https://feedsoft.ai/events/49343-fx-challenging-our-bearish-dollar-forecast-articles-ing-think.md) | -0.6% | +1.1% |
| EURUSD | 2023-11-27 | [EUR/USD Weekly Forecast: Outlook Turning Brighter for Europe \| Investing.com](https://feedsoft.ai/events/33382-eur-usd-weekly-forecast-outlook-turning-brighter-for-europe-investing-com.md) | -0.5% | +0.7% |
| EURUSD | 2024-09-12 | [European Central Bank cuts interest rates again and lowers growth forecasts](https://feedsoft.ai/events/28530-european-central-bank-cuts-interest-rates-again-and-lowers-growth-forecasts.md) | +0.9% | -0.6% |
| EURUSD | 2023-12-01 | [EUR/USD: ECB dovish repricing not necessarily a damper – ING: Analytics and Market news from 1 December 2023 11:51](https://feedsoft.ai/events/32930-eur-usd-ecb-dovish-repricing-not-necessarily-a-damper-ing-analytics-and-market.md) | -1.0% | +1.4% |
| EURUSD | 2024-01-31 | [EUR/USD gives up gains after soft German CPI \| MarketPulse by OANDA Group](https://feedsoft.ai/events/32342-eur-usd-gives-up-gains-after-soft-german-cpi-marketpulse-by-oanda-group.md) | -0.9% | -0.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-price-forecast-gains-ground-above-11150-while-retaining-bearish-bias-below-100-day-sma-202611090610

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