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fxJun 11, 2026, 8:56 AM

EUR/USD Tests Support Ahead of ECB Meeting, Societe Generale Warns

Societe Generale strategists note EUR/USD remains under pressure after slipping below its 200-day moving average in May, with the pair now testing support near two-month lows ahead of the ECB decision.

EURUSD

Societe Generale strategists highlight that EUR/USD continues to face headwinds, having fallen below its 200-day moving average in May. The pair is currently trading near a two-month low, testing key support levels.

The upcoming ECB meeting is seen as a major risk event that could dictate the next directional move. The bank's stance on interest rates and economic outlook will be closely watched by traders.

Source: FXStreet Forex News