{
  "id": 14897562,
  "title": "EUR/USD Price Forecast: Euro stalls below 1.1240 with Eurozone Inflation data on tap",
  "url": "https://urgent.news/2026/10/16/eur-usd-price-forecast-euro-stalls-below-1-1240-with-eurozone",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T06:30:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-usd-price-forecast-euro-stalls-below-11240-with-eurozone-inflation-data-on-tap-202610160630"
  },
  "original_language": "en",
  "account": "The Euro (EUR) exhibited a modest upward movement against the US Dollar (USD) on Friday, signaling its first weekly gain in over a month. This rise can be attributed to a decline in US Treasury yields and dovish remarks from Federal Reserve officials, which have dampened speculative demand for the US currency. However, the EUR/USD pair has been confined to the 1.1240 level for the past two days and experienced a retracement to the 1.1220 area prior to the release of the final Eurozone inflation data for September. Preliminary data revealed that the Eurozone Harmonised Index of Consumer Prices (HICP) surged to a 3.8% year-on-year growth in September, compared to 3.2% in August, driven by rising oil prices. The core HICP showed a more subdued increase, to 2.5% from 2.4% in the previous month. Meanwhile, the US Dollar has shown a relatively weaker stance over recent sessions, as lower US yields and cautious comments from Fed policymakers have counterbalanced robust US producer inflation and strong retail sales figures reported on Thursday. On Friday, the USD/JPY pair faced additional selling pressure, slipping to 158.00 amid heightened US Dollar selling. Fed Chair Kevin Warsh's non-committal stance on future interest rate adjustments weighed on the US Dollar during the International Monetary Fund (IMF) and World Bank Group meetings in Bangkok, where he expressed optimism about economic resilience. Despite the bullish momentum, EUR/USD needs to surpass the 1.1240 level and the October 2 high of 1.1290 to confirm a shift in trend. On the downside, initial support is projected at the intra-day low around 1.1190, followed by a more significant structural base at the October 14 low of 1.1113. A breakdown below this level would undermine the bullish outlook and heighten the risk of reaching the late May 2025 lows near 1.1050.",
  "summary": "The Euro (EUR) ticks higher against the US Dollar (USD) on Friday and is on track to its first weekly gain in more than one month, as the recent pullback in US Treasury yields and dovish comments by Federal Reserve officials have undermined speculative demand for the Greenback.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD rises above $57.50 amid safe-haven demand",
        "url": "https://urgent.news/2026/10/16/silver-price-forecast-xag-usd-rises-above-57-50-amid-safe-haven-demand",
        "published": "2026-10-16T03:09:37.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}