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High Impact

EUR/USD Price Forecast: Softens below 1.1150, bearish bias intact below key moving averages

📅
🏷Markets
📰via FXStreet
✍️Edited by Luís Barata

The headline reports that EUR/USD has slipped below the 1.1150 level and is trading beneath key moving averages, a technical configuration that analysts describe as keeping a bearish bias in place. The move is best read as a technical break rather than a fundamental repricing, since the headline cites no new policy or data shock, and the transmission runs mainly through positioning and momentum-driven flows in the spot pair. The euro is the more exposed currency here, because a pair trading below its moving averages tends to attract trend-following selling and stop-loss execution that can extend the move until a level of support absorbs it. The dollar gains by default as the counterpart, so the relative rate outlook between the Federal Reserve and the European Central Bank becomes the key backdrop for whether the breakdown persists. The next catalyst to watch is the eurozone flash HICP inflation release, since a softer print would reinforce expectations of ECB easing and sustain pressure on the euro relative to the dollar.

Source: Originally reported by FXStreet at October 28, 2026. Summary and market context by Trading News Terminal editorial.

About USD

The US Dollar (USD) is the world's primary reserve currency and the base for most forex majors. Headlines about Federal Reserve policy, US macro data (CPI, NFP, GDP), and Treasury yield shifts typically drive USD pair direction within seconds of release.

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