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fxJun 12, 2026, 3:21 AM

EUR/USD Trades Lower, Needs 20-Day SMA Break for Recovery

EUR/USD slipped to 1.1567 during European trade on Friday as the US dollar rebounded slightly. Analysts note that a sustained recovery would require a break above the 20-day simple moving average.

EURUSD

EUR/USD edged lower to 1.1567 in European trading on Friday, giving back some of the previous session's gains. The pair remains under pressure as the US dollar staged a modest rebound following Thursday's weakness.

From a technical perspective, the pair has been trading below its 20-day simple moving average (SMA), and a sustained recovery higher would likely require a decisive break above that level. Until then, the short-term bias remains tilted to the downside.

Traders are watching for any catalyst that could push the pair above the 20-day SMA, which currently acts as a key resistance. A failure to break higher could see the pair test support near the 1.1500 region.

Source: FXStreet Forex News