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fxJun 23, 2026, 11:57 AM

EUR/USD Price Forecast: Testing 11-Month Lows Amid Broad USD Strength

The euro extends losses against the dollar, testing 11-month lows near 1.3991 as the greenback rallies on Fed tightening expectations and cautious market sentiment.

EURUSD

The euro continued its downtrend on Tuesday, falling to 11-month lows against the US dollar. The pair is testing the 1.3991 level as broad US dollar strength drives the move.

The dollar is buoyed by growing expectations that the Federal Reserve will tighten policy later this year. A cautious market mood, fueled by uncertainty surrounding US-Iran trade relations, is also supporting the greenback.

Technical analysts are watching the 1.3991 level closely. A break below could open the door to further losses, while any recovery would need to overcome resistance from the dollar's upward momentum.

Source: FXStreet Forex News