Market Fundamental Analysis for June 24, 2026 EURUSD
EURUSD:
The euro is trading near 1.1375 after weak euro area business activity data. June’s preliminary composite PMI rose to 49.5 but remained below the neutral level for a third month, while services activity continued to decline. Weak new orders and cautious corporate activity point to continued pressure on domestic demand.
The ECB raised rates on June 11 in response to energy-related inflation risks, but weak services activity and slower cost growth may limit further tightening. Meanwhile, the US dollar remains supported by expectations that the Federal Reserve could raise rates later this year. As long as the policy outlook between the Federal Reserve and the ECB remains divergent, EUR/USD may stay under pressure.
Trading idea: SELL 1.1375, SL 1.1405, TP 1.1285
