EURUSD is at 1.16405 as of 06:25 UTC on 25 May 2026, trading through a 22-pip range overnight on thin Memorial Day liquidity. With US cash markets closed, forex news today is lighter than usual, though the ECB rate story continues to drive EURUSD sentiment.

The eurozone Flash PMI for May revealed the economy unexpectedly contracted at its fastest pace since late 2023, as per Trading Economics.^[1] Money markets are increasingly pricing a 25bp ECB rate hike at the 11 June meeting, per CNBC.^[2]

All prices refer to the Vantage EURUSD CFD as of 06:25 UTC on 25 May 2026. Charts from TradingView via Vantage are indicative. US cash markets are closed for Memorial Day; liquidity is reduced. This is not financial advice.

Key Points

• EURUSD news today: The Vantage EURUSD TradingView chart opened near 1.16373 on 25 May 2026, dropped sharply to a session low near 1.16288 around 21:15-21:30 UTC 24 May, then rallied to the session high near 1.16491 around 01:00 UTC 25 May. 
• The eurozone Flash PMI for May showed the euro area economy unexpectedly contracted, falling to its fastest pace of contraction since late 2023, Trading Economics stated.^[1] S&P Global warned the data points to eurozone inflation approaching 4% in the coming months.^[1] The ECB held rates at 2.00% in April and has since signaled a June hike is on the table, with money markets increasingly pricing a June hike, per CNBC.^[2][5]
• The US dollar remains subdued on Memorial Day. The DXY is ranged without a clear directional catalyst on the US holiday session.^[3][4][7] Reduced dollar strength is providing some floor for EURUSD, even as weak PMI data weighs.

EURUSD chart: 22-pip range with Memorial Day liquidity spikes

The 1-minute EURUSD TradingView chart on the Vantage feed covers 21:00 UTC 24 May to 06:25 UTC 25 May. The pair sold off to the session low near 1.16288 around 21:45 UTC, then recovered to the session high near 1.16491 around 01:00 UTC. The spike to 1.16491 and rapid reversal around 01:00-01:15 UTC reflects thin Memorial Day liquidity.

EURUSD news today: what is driving the pair

Eurozone PMI contracts, but ECB is still eyeing a June hike

The key currency trading news this week for EURUSD was Thursday’s eurozone Flash PMI, which showed the euro area unexpectedly contracted in May at the fastest pace since late 2023, Trading Economics added.^[1] S&P Global noted that price pressures remain elevated despite weakening growth. The reading creates a difficult backdrop for the ECB: tighter policy needed to fight inflation, but the economy is already showing signs of contraction.

 Money markets are increasingly pricing a June ECB rate hike, per CNBC.^[2]

Memorial Day and the USD: a quiet session by design

Germany’s consumer sentiment improved heading into June and business confidence edged higher in May, as stated by Trading Economics.^{[1] [3]}

EURUSD analysis: key levels and technical picture

Reference levels on the Vantage EURUSD CFD. Not trade signals.

Table 1: Vantage EURUSD CFD levels as of 06:25 UTC, 25 May 2026. Sources: TradingView, Trading Economics, Investing.com. Indicative only.^[8]

EURUSD forecast: what to watch this week

• ECB June meeting, 11 June: Money markets are increasingly pricing a June hike, making the 11 June ECB meeting the dominant near-term driver.^[2][6]
• DXY range resolution, ongoing: According to Investing.com’s forex news today, the DXY is boxed between key moving averages. A clear break above 98.74 would add USD-side pressure on EURUSD, while a break below 98.00 could ease that pressure.^[3]
• US-Iran negotiations, ongoing: Oil prices remain sensitive to Iran talks. Elevated Brent crude adds to eurozone inflation pressures and may strengthen the ECB’s case for tightening.
• Eurozone data, this week: German and eurozone CPI releases later this week will be watched. An upside surprise on inflation would reinforce ECB June hike pricing.

On risk management: the EURUSD chart traded through a 22-pip range in a single overnight session, with brief liquidity-driven swings. Many traders may watch 1.1620 as support and 1.1685 as resistance. If you hold gold, GBPUSD, or AUDUSD alongside EURUSD, note that Memorial Day thin liquidity may affect all USD pairs today.

Leverage cuts both ways. Position sizing relative to account equity matters particularly on low-liquidity sessions where thin markets can amplify moves in both directions. Follow Vantage Markets to get the latest and most accurate forex news today!

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References

[1] “Euro Area Currency – Trading Economics.” https://tradingeconomics.com/euro-area/currency Accessed 25 May 2026.

[2] “European Central Bank keeps rates on hold in the face of inflation threat – CNBC.” https://www.cnbc.com/2026/04/30/european-central-bank-april-2026-rate-decision-inflation-stagflation-risk-iran-war.html Accessed 25 May 2026.

[3] “EUR/USD Enters 2026 Near Key Resistance as Fed Cuts Meet ECB Hold – Investing.com.” https://www.investing.com/analysis/eurusd-enters-2026-near-key-resistance-as-fed-cuts-meet-ecb-hold-200672583 Accessed 25 May 2026.

[4] “EUR/USD Forecast, News and Analysis – FXStreet.” https://www.fxstreet.com/currencies/eurusd Accessed 25 May 2026.

[5] “ECB holds rates at 2% as inflation rises and eurozone growth slows – Euronews.” https://www.euronews.com/business/2026/04/30/ecb-holds-rates-at-2-as-inflation-rises-and-eurozone-growth-slows Accessed 25 May 2026.

[6] “EUR/USD Forecast, News and Analysis – FXStreet.” https://www.fxstreet.com/currencies/eurusd Accessed 25 May 2026.

[7] “EUR/USD – Euro US Dollar Exchange Rate – Forex.com.” https://www.forex.com/en-us/currency-converter/eur-usd/ Accessed 25 May 2026.

[8] “EUR/USD – Euro US Dollar Exchange Rate – Investing.com.” https://www.investing.com/currencies/eur-usd Accessed 25 May 2026.

[9] “EUR/USD – TradingView.” https://www.tradingview.com/symbols/EURUSD/ Accessed 25 May 2026.