EUR/USD spent the week on the back foot, with published research broadly pointing to more near-term downside after a hawkish Fed.
Analysts flagged a technical break below 1.1570, opening the door toward 1.1325, with 1.1500 as the interim level to watch. After the FOMC delivered a rate hike and signaled another could follow into 2027, several research notes described the pair sliding through 1.1500, citing a wider US-eurozone yield gap, elevated oil prices, and risk-off tone. Near-term targets clustered around 1.140, with 1.1325–1.1360 flagged if energy spikes again.
The medium-term picture from most desks stayed constructive on the euro. Multiple forecasts pencil in a grind back toward 1.16 by year-end and 1.20–1.22 into 2027–28, premised on softer US growth, dovish Fed repricing, and easing oil. A more strategic contrarian thread argued Europe may ultimately tolerate a weaker euro to manage demographics and fiscal strain.
Short-term bearish, medium-term still leaning higher — that's the split researchers highlighted this week.