Euro Market Update, Chart & History

EUR Market Update

06 Jun 2026 • 01:11 GMT

The euro remains near its 60-day lows against the US dollar, trading around 1.1523, down about 2.5% in recent weeks. Dovish comments from the European Central Bank (ECB) have hurt the euro, as markets now expect possible rate cuts in the near future. This has kept the EUR/USD pair testing support levels near 1.1450-1.1500.

Meanwhile, the US dollar is benefiting from increased geopolitical tensions and robust US economic data, helping it stay strong. Oil prices are also firm, supporting the dollar and putting additional pressure on the euro.

Despite the euro holding steady against some currencies like the Swiss franc and yen, its overall weakness against the dollar is clear. Traders are watching upcoming European economic data and ECB comments carefully, as these will influence the euro's direction. For now, the euro remains vulnerable if dollar strength continues, especially amid geopolitical uncertainties and policy cues from the ECB.

📊 Quick forecast view

Near-term bias: 🔴 Mild downside

Expected range: 1.1220 – 1.1520

Dominant driver: 🌍 Global risk sentiment

3-month trend: 🟢 Uptrend

EUR/USD Forecasts

EUR/USD Rates

Euro to US dollar - EUR/USD Trend

EUR to USD is at 60-day lows near 1.1523, just 1.0% below its 3-month average of 1.1636, having traded in a very stable 3.3% range from 1.1417 to 1.1799

05-JUN 8PM-NY 06-JUN 1AM-LON 8AM-HK 10AM-SYD

1 EUR = USD

1d−0.8%▼

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