EUR/USD Forecast: US Dollar strengthens despite upcoming Washington gridlock

FXStreet · Valeria Bednarik · 2026-11-06 15:34 UTC

The EUR/USD pair finished the first week of November trading around 1.1140 after spending pretty much a month ranging around 1.1200. Critical headlines were partially overshadowed by persistent uncertainty, with the pair leaning bearish but still trapped.

EUR/USD Weekly Forecast: Greenback holds firm despite looming US political stalemate

- The US Democratic Party took control of Congress after mid-term elections.

- A de-escalation in the Middle East fell short of cooling markets’ concerns.

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