EUR/USD Price Forecast – June 10, 2025
The EUR/USD currency pair faces downward pressure as the U.S. dollar asserts dominance in global forex markets. On June 10, 2025, the technical outlook for the euro against the dollar suggests a bearish scenario, supported by weak eurozone data and solid U.S. fundamentals.
🔍 Key Intraday Technical Levels:
- Pivot Point: 1.1440
- Preferred Strategy: Short positions below 1.1440
- Bearish Targets: 1.1370 and 1.1350
- Bullish Scenario (Alternative): Above 1.1440, upside potential toward 1.1460 and 1.1480
- Technical Indicator Focus: RSI suggests increasing downside momentum
Technical Analysis: Bearish Trend Gaining Strength
The intraday chart for EUR/USD signals a potential continuation of the decline seen earlier this week. The pair failed to break through the resistance at 1.1440 and has since reversed. The RSI (Relative Strength Index) is trending below the neutral 50 line, indicating a surge in bearish sentiment and calling for further downside.
Resistance Levels:
- 1.1440 (Pivot/Key Resistance)
- 1.1460
- 1.1480
Support Levels:
- 1.1370 (First Target)
- 1.1350 (Secondary Target and Stronger Support)
The 50-period moving average also shows signs of flattening and turning downward, aligning with bearish RSI signals. As long as EUR/USD remains under the 1.1440 threshold, sellers are likely to retain control.
Fundamental Overview
Several macroeconomic and geopolitical elements are influencing EUR/USD:
🏦 U.S. Dollar Strength
- Robust Jobs Data: Recent strong U.S. non-farm payroll numbers support the Fed’s hawkish stance.
- Inflation Trends: Persistent inflation above the Fed’s 2% target is prompting continued caution, favoring the greenback.
🇪🇺 Eurozone Challenges
- Weak Industrial Output: Germany’s industrial production slowed in May, weakening the euro.
- ECB Caution: The European Central Bank is taking a more dovish approach compared to the Fed, increasing pressure on EUR/USD.
Trading Strategy for June 10, 2025
With EUR/USD trading below the pivot point of 1.1440 and momentum indicators pointing lower, the preferred strategy is:
✅ Primary Strategy:
- Entry: Below 1.1440
- Take Profit 1: 1.1370
- Take Profit 2: 1.1350
- Stop Loss: 1.1460
This strategy aligns with technical and sentiment analysis showing further potential weakness in the euro.
🔁 Alternative Bullish Strategy:
If the pair breaks above 1.1440 with volume:
- Long Entry: Above 1.1440
- Take Profit 1: 1.1460
- Take Profit 2: 1.1480
- Stop Loss: 1.1410
This scenario assumes a potential USD pullback or surprise eurozone data release that lifts sentiment.
RSI and Momentum Insights
The RSI is currently below 50 and angled downward—confirming bearish strength. Momentum indicators like MACD also show a widening bearish crossover, reinforcing the case for downside extension.
Market Sentiment & Positioning
Traders remain cautious amid global uncertainty, with risk appetite shifting back toward the U.S. dollar. Sentiment analysis shows increased short positioning on EUR/USD across retail and institutional platforms.
What to Watch This Week
🔔 Key Events Impacting EUR/USD:
- U.S. CPI Inflation Data (June 12)
- ECB Monetary Policy Commentary
- Eurozone ZEW Economic Sentiment (June 11)
These events may bring volatility to EUR/USD, especially if inflation or sentiment data surprises markets.
Frequently Asked Questions (FAQs)
❓ What is the current trend for EUR/USD?
The trend is bearish, with the pair trading below its pivot point of 1.1440 and technical indicators like RSI and MACD confirming downside bias.
❓ What are key support levels for June 10, 2025?
Key support levels are 1.1370 and 1.1350. These are short-term downside targets based on intraday chart structure.
❓ What could reverse the downtrend?
A break above 1.1440 with strong bullish volume, possibly triggered by weak U.S. data or a hawkish ECB statement, could shift momentum back toward the euro.
❓ Is this a good time to trade EUR/USD?
For short-term traders, yes. Volatility around key levels offers intraday opportunities. However, risk management is essential due to potential reversals.
❓ How reliable is RSI in predicting EUR/USD moves?
RSI is a popular momentum indicator. When combined with price action and support/resistance zones, it becomes more effective for identifying reversals or trends.
Disclaimer
This article is for informational and educational purposes only. It does not constitute investment advice, and you should not rely on it to make trading or investment decisions. Trading forex involves risk, and past performance is not indicative of future results. Always consult with a qualified financial advisor before making any financial decisions.
