EUR/USD Turns Bearish Below 1.1550 After Hawkish FOMC

EUR/USD has resumed its downtrend, slipping to 1.1536 and breaking below key hourly moving averages following the June FOMC decision. The pair initially broke four-hour trendline support near 1.1580 on June 12 after stronger-than-expected US Nonfarm Payrolls revived dollar demand. Despite the ECB’s 25 bp rate hike on June 11, euro bulls failed to clear resistance at 1.1600-1.1685, leading to repeated rejections. Consolidation persisted into mid-June ahead of the Fed meeting, but the hawkish dot plot and updated projections strengthened the dollar and triggered fresh selling. Technical bias remains bearish with next supports eyed at 1.1500 and 1.1408.