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ForexMediumUpdated•Originally published 24 June 2026•Updated 27 June 2026•
1 min read

Euro Slumps to One-Year Low Against US Dollar as Key Support Breaks

Euro symbol crashing through a stone platform labeled Support Break, with a dollar shield in the background.

Key Facts

1The Euro extended its steep fall for a fifth consecutive day, reaching its lowest level in one year against the US Dollar.
2The EUR/USD pair broke below the former 2026 low of 1.1410.

Reflecting the widening divergence in monetary policy expectations, the Euro extended its steep decline for a fifth consecutive day against the US Dollar. According to reports, the EUR/USD pair reached its lowest level in one year amid sustained bearish pressure. This downward momentum resulted in a decisive break below the former 2026 support level of 1.1410, signaling a technical breakdown for the common currency.

This decline follows recent economic data showing mixed inflationary pressures, with the Eurozone's annual Consumer Price Index (CPI) hitting 2.6% on June 17, 2026, slightly above the 2.5% forecast per market data. Conversely, US Retail Sales showed robust growth of 0.9% during the same period, significantly outperforming the 0.5% forecast. These data points have collectively bolstered the US Dollar's appeal relative to its peers.

Looking ahead, traders are monitoring liquidity levels following the Federal Reserve's decision to hold interest rates at 3.75% on June 17, 2026. With the Euro currently trading below key technical thresholds, the market remains focused on upcoming central bank communications for potential directional cues. Investors should watch the economic calendar for further catalysts that could either trigger a technical rebound or accelerate the current trend.