EUR/USD Under Pressure as US Treasury Yields Hit 24-Year Highs
Key Facts
The EUR/USD pair faces a potential breakdown below the 1.1160 level as the US Dollar remains strong. investing.com reported that US Treasury yields have reached their highest levels in 24 years, boosting the attractiveness of the US currency.
The Euro remains weighed down by ongoing fiscal concerns in the Eurozone, specifically in France, while high US yields continue to attract capital flows into the Dollar. This divergence in fundamental drivers persists as markets assess the relative stances of the Federal Reserve and the European Central Bank.
Latest Updates · 3
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Update: Bears are now targeting the 1.10 psychological support level for the EUR/USD pair. This shift comes amid expectations that the pair will enter a consolidation phase following recent downward pressure.
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Update: The technical outlook for EUR/USD has turned more bearish, with the pair now targeting the 1.0861 level. This downside target is expected to come into play if the 1.1185 resistance level is sustainedly broken.
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Update: Analysts identified institutional demand for the EUR/USD pair at the 1.1190 level on October 8, 2026. This level acts as a fresh technical support zone for the Euro, which remains in a broader downward trend against the strengthening Dollar.