Is the Euro ready to recover against the US dollar?

The last week was particularly tough for the euro against the US dollar. The pair broke below the range that had lasted for over a month and the downside movement ended up intensifying.

4 hour Time Frame Chart

However, on the 4-hour chart, we can see that buyers are trying to regain control of the price as they approach an important support zone near the 1.08318 mark.

4 Hours Time Frame Chart. Source: xStation 5

On the weekly chart, we can see that the price continues to reject the neckline zone of the potential chart pattern, which supports the USD bearish scenario.

Weekly time frame Chart. Source: xStation 5

Henrique Tomé,
Analyst Portgal

18 May 2026, 8:22 AM

What to expect from economic data and corporate earnings this week ❓

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Morning Wrap (18.05.2026)

15 May 2026, 7:21 PM

Daily summary: A week closed with declines – is the market starting to fear inflation?

15 May 2026, 6:08 PM

Three markets to watch next week: US100, GBPUSD, GOLD (15.05.2026)

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