EUR/USD looks consolidative around 1.1460

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That said, the pair now looks to consolidate humble gains just above 1.1460 despite growing uncertainty surrounding the next round of US-Iran negotiations, which keeps the US Dollar’s downside contained. ## Latest EUR News * * * ## EUR/USD Technical Overview From a technical perspective, spot prices hold well below the 200-period Simple Moving Average (SMA) on the 4-hour chart and keep a bearish near-term tone. Adding to this, the Moving Average Convergence Divergence (MACD) indicator is in negative territory, while the Relative Strength Index (RSI) hovers around 38. Momentum indicators together suggest that downside pressure persists even as the EUR/USD pair attempts to stabilize above the recent swing lows. Hence, any subsequent move up is more likely to confront a hurdle near the 1.1575-1.1580 horizontal support breakpoint ahead of the 1.1600 round figure. Meanwhile, the 200-period SMA at 1.1638 should act as a strong barrier that bulls would need to reclaim to ease the current bearish bias and open the door to a more sustained recovery. On the downside, acceptance below the 1.1500 mark would expose the EUR/USD pair to further weakness as momentum remains skewed to the downside. * * * ## Fundamental Overview | GMT | Event | Vol. | Actual | Consensus | Previous | | --- | --- | --- | --- | --- | --- | | **Monday, Jun 22** | | 01:15 | CNY<br>[PBoC Interest Rate Decision](https://www.fxstreet.com/economic-calendar) | | | 3% | 3% | | 03:00 | NZD<br>[Credit Card Spending (YoY)](https://www.fxstreet.com/economic-calendar) | | | | 2.9% | | 08:00 | EUR<br>[ECB's President Lagarde speech](https://www.fxstreet.com/economic-calendar) | | | | | | 12:30 | CAD<br>[Consumer Price Index (YoY)](https://www.fxstreet.com/economic-calendar) | | | | 2.8% | | 12:30 | CAD<br>[Consumer Price Index - Core (MoM)](https://www.fxstreet.com/economic-calendar) | | | | 0.1% | | 12:30 | CAD<br>[Consumer Price Index (MoM)](https://www.fxstreet.com/economic-calendar) | | | 0.7% | 0.4% | | 12:30 | CAD<br>[BoC Consumer Price Index Core (YoY)](https://www.fxstreet.com/economic-calendar) | | | | 2.1% | The US-Iran deal, aimed at ending hostilities and reopening the Strait of Hormuz, boosts investors' confidence and prompts some USD profit-taking following Wednesday’s strong move up to a fresh high since late March. Furthermore, the European Central Bank's (ECB) hawkish signal lends some support to the shared currency and the EUR/USD pair. However, rising bets for a rate hike by the US Federal Reserve (Fed) in December could limit USD losses and cap the currency pair. * * * * * * SPECIAL WEEKLY FORECAST Interested in weekly EUR/USD forecast? Our experts make weekly updates forecasting the next possible moves of the Euro-US Dollar pair. Here you can find the most recent forecast by our market experts: [EUR/USD: Winds of change blowing into the Federal Reserve](https://www.fxstreet.com/analysis/eur-usd-weekly-forecast-winds-of-change-blowing-into-the-federal-reserve-202606191513 "EUR/USD: Winds of change blowing into the Federal Reserve") ### [EUR/USD: Winds of change blowing into the Federal Reserve](https://www.fxstreet.com/analysis/eur-usd-weekly-forecast-winds-of-change-blowing-into-the-federal-reserve-202606191513 "EUR/USD: Winds of change blowing into the Federal Reserve")Premium The EUR/USD pair fell towards 1.1417, its lowest since last March, as the US Dollar (USD) soared following the first Federal Reserve (Fed) monetary policy meeting chaired by Kevin Warsh. EUR/USD got to recover some ground on Friday, finishing the week, however, well below the 1.1500 mark. * * * FXS Signals ## Latest EUR Analysis * * * ## Latest EUR Analysis ## Editors' picks [EUR/USD: Winds of change blowing into the Federal Reserve](https://www.fxstreet.com/analysis/eur-usd-weekly-forecast-winds-of-change-blowing-into-the-federal-reserve-202606191513 "EUR/USD: Winds of change blowing into the Federal Reserve") ### [EUR/USD: Winds of change blowing into the Federal Reserve](https://www.fxstreet.com/analysis/eur-usd-weekly-forecast-winds-of-change-blowing-into-the-federal-reserve-202606191513 "EUR/USD: Winds of change blowing into the Federal Reserve")Premium The EUR/USD pair fell towards 1.1417, its lowest since last March, as the US Dollar (USD) soared following the first Federal Reserve (Fed) monetary policy meeting chaired by Kevin Warsh. EUR/USD got to recover some ground on Friday, finishing the week, however, well below the 1.1500 mark. [Gold: Hawkish Fed leads to third consecutive weekly loss](https://www.fxstreet.com/analysis/gold-weekly-forecast-hawkish-fed-leads-to-third-consecutive-weekly-loss-202606191450 "Gold: Hawkish Fed leads to third consecutive weekly loss") ### [Gold: Hawkish Fed leads to third consecutive weekly loss](https://www.fxstreet.com/analysis/gold-weekly-forecast-hawkish-fed-leads-to-third-consecutive-weekly-loss-202606191450 "Gold: Hawkish Fed leads to third consecutive weekly loss")Premium Gold (XAU/USD) opened with a bullish gap and registered strong gains in the first half of the week, but a hawkish Federal Reserve (Fed) spoiled the party. Mid-tier macroeconomic data releases from the United States (US) and changes in crude Oil prices could impact XAU/USD’s action in the near term, while the technical outlook suggests that the bearish bias remains intact. [British Pound rebounds as holiday-thinned trade slows USD bulls](https://www.fxstreet.com/news/british-pound-rebounds-as-holiday-thinned-trade-slows-usd-bulls-202606191529 "British Pound rebounds as holiday-thinned trade slows USD bulls") ### [British Pound rebounds as holiday-thinned trade slows USD bulls](https://www.fxstreet.com/news/british-pound-rebounds-as-holiday-thinned-trade-slows-usd-bulls-202606191529 "British Pound rebounds as holiday-thinned trade slows USD bulls") The Pound Sterling recovers some ground after reaching a three-month low on Friday at 1.3163, sponsored by the Fed’s hawkish tilt, but edges up 0.18% amid thin trading conditions due to a holiday in the US. The GBP/USD trades at 1.3226, yet it is poised to end with weekly losses of 1.25%. Market sentiment remains fragile despite the recovery from the US-Iran deal. [US Dollar: The last mile just got longer](https://www.fxstreet.com/analysis/us-dollar-weekly-forecast-the-last-mile-just-got-longer-202606191707 "US Dollar: The last mile just got longer") ### [US Dollar: The last mile just got longer](https://www.fxstreet.com/analysis/us-dollar-weekly-forecast-the-last-mile-just-got-longer-202606191707 "US Dollar: The last mile just got longer")Premium A very auspicious week saw the US Dollar (USD) trade with robust gains, rapidly leaving behind the prior pullback and sending the US Dollar Index (DXY) to levels last traded in mid-May 2025, past the 101.00 barrier on Friday. [Bitcoin: Recovery hopes fade after the Fed spoils the party](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-recovery-hopes-fade-after-the-fed-spoils-the-party-202606191035 "Bitcoin: Recovery hopes fade after the Fed spoils the party") ### [Bitcoin: Recovery hopes fade after the Fed spoils the party](https://www.fxstreet.com/crypt