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fxJun 26, 2026, 4:08 AM

EUR/USD Holds Above Mid-1.1300s Amid Hormuz Risks, Bearish Setup

EUR/USD is trading in a narrow range during the Asian session Friday, holding above mid-1.1300s after Thursday's drop to the lowest since May 2025. The bearish setup persists despite Hormuz-related risks.

EURUSD

EUR/USD struggles to extend the modest recovery seen in the previous session, oscillating in a narrow band during Asian trading on Friday.

Spot prices remain above the mid-1.1300s, which is the lowest level since May 2025 touched on Thursday. This resilience warrants some caution for bears, though the overall technical setup remains bearish.

Geopolitical risks linked to the Hormuz Strait continue to underpin the safe-haven US dollar, keeping the pair under pressure.

Source: FXStreet Forex News