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fxJun 22, 2026, 5:00 AM

EUR/USD Finds Relief But Gains May Be Narrow

EUR/USD has staged a minor recovery after settling below 1.1500 and both the 100- and 200-period SMAs on the 4-hour chart. A low was formed at 1.1471, but upside appears limited.

EURUSD

On the 4-hour chart, EUR/USD has settled below the 1.1500 level as well as the 100-period (red) and 200-period (green) simple moving averages. A low was recorded at 1.1471, from which the pair started a modest recovery.

However, the relief rally is expected to remain constrained, with the technical setup still pointing to downside pressure. The pair needs to reclaim the 1.1500 handle and the moving averages to build any significant upward momentum.

Source: FXStreet Forex News