EUR/USD and Eurozone Economic Outlook💱 Forex•EUR/USD

EUR/USD Eyes 1.1980 Amid Eurozone Growth & US Data Watch

February 11, 2026, 12:01 AM156 words9 sourcesAI-Generated · Reviewed by editorial team
EUR/USD
EUR/USD Eyes 1.1980 Amid Eurozone Growth & US Data Watch

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The EUR/USD pair is consolidating around 1.1900, exhibiting bullish momentum despite some USD stabilization. Analysts at UOB project a move towards 1.1980, contingent on a break above 1.1945, while acknowledging potential overbought conditions and support at 1.1840. This optimism is fueled by expectations of softer US economic data, particularly the upcoming Non-Farm Payrolls report, potentially prompting further Federal Reserve rate cuts and weakening the USD. Eurozone economic growth remains resilient, with Q4 GDP expanding by 0.3% q/q, exceeding ECB projections, driven by strong performances in Germany, Spain, and Italy. However, recent PMI data presents mixed signals. The ECB is wary of a significantly stronger Euro, which could harm exports, but officials seem reluctant to directly address currency strength. EUR/JPY is also influenced by Japanese political and fiscal developments, with initial JPY strength potentially reversing due to planned tax reforms. Disappointing US Retail Sales and ADP data have briefly pressured EUR/USD, but overall sentiment remains positive.

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This article is based on analysis of 9 source articles from our news database.

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