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EURUSD slides toward new 2026 low as dollar and crude rise
Action Forex said EURUSD is testing levels around 1.1130 and 1.1100, and a break below 1.1100 could expose support near 1.10.
EURUSD eased further on Monday, pushing toward a new 2026 low, with the move driven by a firmer US dollar and higher crude oil, according to Action Forex.
The outlet said near-term risk remains tilted lower as markets look ahead to upcoming US consumer price data due on Wednesday, which it said could increase expectations for the Fed to enter a tightening cycle even though expectations remain wide that the central bank will stay on hold at its Oct 28 policy meeting.
Action Forex added that bearish structure remains in place, while oversold conditions may still create short-term headwinds, and it noted that any rebounds so far have been capped under falling 10-day moving average resistance.
It flagged immediate downside targets at 1.1130 and 1.1100, and said a violation of 1.1100 would likely bring more notable psychological support around 1.10 into focus.
Latest closeWTI crude $91.10 ▲3.2%