EURUSDEuro / US Dollar
1.1623
-0.34%
SUPPORT:1.15541.1472
RESISTANCE:1.16911.1773
Past
What happened
EUR/USD slipped to 1.1623, down 34 pips, as a bond-market rout sent the US 10Y past 4.59% — a one-year high — pulling rate-differential trades back toward the dollar despite a softer DXY headline.
Why
Why it matters
The euro is caught between a hawkish Fed repricing (CME odds for a 2026 HIKE jumped to 45% from 1% a month ago) and lingering eurozone stagflation worry. Yield gaps, not growth, are driving this leg.
Watch
What to watch
Watch the 1.1600 figure — a clean break opens 1.1525 (Apr swing). Reclaim 1.1670 and the squeeze re-targets 1.1750. ECB speakers and US data this week are the catalysts.
HEADLINES