EUR/USD Outlook: Key Data Ahead as 1.16 Support Snaps — Is 1.14 Next?
The euro has broken below the 1.1600 technical support level, signaling continued downside pressure as dollar strength persists following renewed expectations of higher Fed rates. With key U.S. economic data releases scheduled for next week—including ISM Manufacturing and Services PMIs, and Michigan Consumer Sentiment—the direction of EUR/USD could swing significantly, with potential further downside targets at 1.1450–1.1400 if bearish momentum continues. Strong U.S. data would likely reinforce dollar strength and push the pair lower, while any economic cooling could provide temporary relief for the euro.

















