EUR/USD Price Forecast: Monthly outlook mixed, daily chart remains bearish
EUR/USD remains on the defensive on Wednesday as a broadly stronger US Dollar (USD) weighs on the pair, leaving the Euro on track for a loss of more than 2% in September. At the time of writing, EUR/USD trades around 1.1337, close to Tuesday’s low of 1.1312, its weakest level since May 2025.
EUR/USD price forecast for September remains mixed, with the daily chart displaying bearish tendencies. The Euro fell over 2% in September, leaving the pair at 1.1337, its weakest level since May 2025. EUR/USD is currently below the 50-period, 100-period, and 200-period SMAs on the daily chart, and the RSI is at 23, indicating oversold conditions.
The main resistance levels are at 1.1400 and 1.1470, while support is at 1.1312. A decisive break below 1.1312 could lead to further losses, but holding above could trigger a recovery.
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