EUR/USD

Bullish

Archived analysis from Aug 7, 2026, 8:43 PM

Key insight

1.1600 cleared on soft NFP — next ceiling is 1.1680 (2026 swing high); hold above 1.1520 to stay bullish.

Weak US NFP (≈83K) crushed USD; EUR/USD broke to 2-month highs at 1.1560, now 1.1600.

Main risk

Fed rate-hike risk (Musalem hawkish)

Fed's Musalem backed a hike at last FOMC; another hike signal snaps USD sell-off instantly.

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