Market News / Story
EUR/USD — Euro Tests 16-Month Low at $1.1310 as Descending Channel Provides Support
·
The lower boundary of a long-term descending channel is offering support, but the euro still needs help from US inflation, Treasury yields and Europe’s energy bill. Euro reaches the bottom of its channel The pair fell to $1.1310 Tuesday, its lowest level since May 2025, before recovering toward $1.1360. The pair has lost 2.5% during September, leaving the dollar on course for its strongest monthly advance against the euro in 14 months. The decline has carried the…