EUR/USD Drops Sharply Below 1.1550: Will the Downtrend Continue?

Summary:

On June 17, 2025, the EUR/USD pair recorded a sharp decline, breaking the support level of 1.1550. This weakness was driven by expectations of the US Federal Reserve's monetary policy and the economic situation in the eurozone....

SELL EURUSD

Close Time

CLOSED

1.15000

Entry Price

1.14500

1.15500

1.12110 -0.00042 -0.04%

32.1

Pips

Profit

1.14500

1.14679

Exit Price

1.15000

Entry Price

1.15500

Overview

On June 17, 2025, EUR/USD fell to 1.1530, breaking the key support level of 1.1550. This weakness was mainly driven by expectations that the Fed would maintain a steady interest rate policy at its upcoming meeting, while the European Central Bank (ECB) kept interest rates low. This created a difference in interest rates between the USD and EUR, increasing the attractiveness of the US dollar.

Market psychology

The current market sentiment shows caution and concerns about the global economic outlook. The RSI (14) on the 15-minute chart is currently at 36.18, indicating that the market is not overbought and may continue its downtrend. This reflects investors’ indecision in determining the next direction of the pair.

Technical analysis

EUR/USD Drops Sharply Below 1.1550: Will the Downtrend Continue?_1

On the 15-minute chart, EUR/USD is currently trading below the resistance level of 1.1550, indicating a short-term downtrend. The next support level is located at 1.1500. If the price breaks this level, the next target could be 1.1450. The RSI (14) indicator currently at 36.18 does not indicate oversold or overbought conditions, but if the indicator drops further, it could be a sign of a deeper correction.

Trading Recommendations

Entry: Open a sell order when price breaks the support level of 1.1500.

Take Profit: Set profit target at 1.1450.

Stop Loss: Place a stop loss above the 1.1550 resistance level to limit risk.

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