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fxJun 24, 2026, 4:13 AM

EUR/USD Hits One-Year Low, Eyes 1.1350 as USD Strength Persists

The euro extended its slide against the dollar, dropping to a fresh one-year low during Asian trading. The pair now targets the 1.1350 level as a sustained bullish dollar offsets an oversold RSI reading.

EURUSD

EUR/USD declined for the third consecutive session, marking the fifth negative day out of the last six, and touched a one-year low during the Asian session. The pair is now eyeing the 1.1350 support area.

The US dollar continues to benefit from broad-based strength, which has overwhelmed the euro despite the RSI entering oversold territory. Traders are watching for any signs of a technical bounce, but the prevailing USD momentum keeps the downside pressure intact.

No fresh catalysts emerged from the eurozone or the US calendar, leaving the pair driven by existing dollar demand. A break below 1.1350 would open the door to further losses, while a corrective rally would face resistance near the 1.1400 round figure.

Source: FXStreet Forex News