EUR/USD Attempts Recovery but Faces Resistance Amid Risk-Off Sentiment

EUR/USD Attempts Recovery but Faces Resistance Amid Risk-Off Sentiment

Published: June 19, 2025 | 🖋️ Tredu FX Desk

US Dollar Gains Ground on Safe-Haven Demand

The EUR/USD pair is seeing limited upside recovery on Thursday after breaking key support at the 1.1500 level, a critical psychological zone. The US Dollar (USD) continues to benefit from a risk-off environment sparked by growing fears of US military involvement in the Israeli-Iran conflict.

Fed Powell Adds to USD Bullish Bias

Fed Chair Jerome Powell’s recent remarks provided further support to the USD, maintaining a hawkish tone on interest rate policy. This reinforces downside pressure on the EUR/USD pair, as rate differentials favor the greenback.

Technical Outlook: EUR/USD Under Pressure

• Key support: 1.1450
• Resistance: 1.1500 (broken support now acting as resistance)
• Bias: Bearish below 1.1500 amid global risk aversion

Unless risk appetite returns or US-Iran tensions de-escalate, EUR/USD may struggle to find sustained buying momentum.

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• EUR/USD Real-Time Chart
• What Moves the US Dollar?
• Latest on Middle East Conflict