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Forex

EUR/USD Bearish Bias Converges on June Low at 1.1325

Guavy AI Editorial Team
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EUR USD
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The EUR/USD currency pair remains under pressure and has reached a three-month low. According to Societe Generale's FX strategy team, it is moving toward the June low at 1.1325. The bank identifies support levels at 1.1325 and 1.1270, with resistance at 1.1410.

The EUR/USD pair has been grinding lower towards key floors. A bearish bias remains intact as the spot price converges on the June low of 1.1325.

Widening 2-year UST/EGB spreads and upcoming US PCE and NFP data are expected to pull EUR/USD closer to these vital support levels.

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