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fxJul 31, 2026, 4:17 AM

EUR/USD Weakens to Near 1.1500 as 100-day SMA Caps Upside

EUR/USD slipped to around 1.1500 on Friday, with the 100-day simple moving average halting gains. Escalating Middle East tensions weighed on risk sentiment, pressuring the euro.

EURUSD

EUR/USD fell to near 1.1500 during early European trading on Friday, as the 100-day simple moving average (SMA) capped any upside momentum.

The decline came amid heightened geopolitical tensions in the Middle East, which soured risk appetite and pushed investors toward the safe-haven US dollar. The euro, often seen as a risk-sensitive currency, lost ground as a result.

Traders will watch for further developments in the region and upcoming US economic data for direction.

Source: FXStreet Forex News