EUR/USD price weakens below $1.15 as bearish momentum builds
EUR/USD trades under pressure near 1.1450 as bearish divergence develops across multiple timeframes
The euro is trading under pressure against the dollar, with EUR/USD slipping to the 1.1450 region after failing to sustain momentum above 1.1600 earlier this week. The pair has now broken below short-term moving average support on multiple charts, and momentum indicators are flashing signs of weakness.
Key highlights
- EUR/USD fails to reclaim 1.1600, trades near 1.1450 amid rising short-term bearish pressure
- Price breaks below 4-hour EMA cluster as MACD and RSI signal fading momentum
- A close below 1.1427 could expose 1.1350 and 1.1270 demand zones
This comes amid rising caution in global currency markets ahead of upcoming macroeconomic catalysts.
Price structure tilts lower after trendline break
On the daily chart, EUR/USD has dipped below its ascending trendline but remains above the broader bullish structure formed since March. The recent failure near the 1.1600–1.1620 resistance zone marks a potential local top, while price is now consolidating just above the 1.1420 support cluster. Parabolic SAR has flipped bearish, although the daily Supertrend remains intact as long as the pair holds above 1.1277.
EUR/USD price forecast (Source: TradingView)
Lower timeframes confirm this weakening structure. On the 4-hour chart, price trades below the 20/50 EMAs, with Bollinger Bands tightening and price pressing against the lower band. Momentum indicators reflect cautious sentiment, with MACD printing negative histogram bars and RSI hovering just below neutral. The 1.1515 level has become a pivot to reclaim, while the next critical support lies near 1.1350.
Smart money signals and Ichimoku cloud confirm pressure
The Ichimoku Cloud on intraday charts shows a bearish alignment, with price trading below the Kumo cloud and both Tenkan and Kijun lines sloping downward. Smart Money Concepts (SMC) charts also show multiple Change of Character (CHoCH) points near 1.1580, reinforcing that this region has become a meaningful supply zone. A breaker block has formed between 1.1470 and 1.1500, now acting as resistance, while the next major liquidity zone sits near 1.1270–1.1160.
In earlier analysis, we noted that EUR/USD needed to defend the 1.1450 region to maintain upside bias. With that level now under pressure, the pair’s inability to reclaim the 1.1515–1.1580 range keeps the short-term bias tilted to the downside, with a possible test of deeper support zones heading into late June.
