The Euro falls 1.2% weekly as rising US yields and $100 oil weigh on Eurozone economies amid Fed tightening expectations.
The Euro slid to 1.1620 against the Dollar on Friday, its lowest level since early April, as risk aversion and higher US Treasury yields drove demand for the Greenback. The pair is set for a 1.2% weekly decline, pressured by rising bets on Federal Reserve rate hikes in late 2026 and surging oil prices.
WTI Crude Oil above $100 has added strain on Oil-importing Eurozone economies, while geopolitical tensions, including the US-Iran deadlock, have fueled safe-haven flows into the Dollar. The Euro’s technical outlook remains bearish, with key support at 1.1645 broken and no clear floor until early-April lows near 1.1500.
The 4-hour RSI sits in oversold territory, suggesting stretched downside momentum, though consolidation may occur before further declines. The MACD indicator remains negative, reinforcing selling pressure.