EUR/USD
BullishArchived analysis from Aug 17, 2026, 2:06 PM
Key insight
1.16 round number reclaimed and holding — a sustained close above 1.1600 opens the 2022 swing high at 1.1495 to the downside and targets 1.1750 to the upside. USD/JPY stuck at 159.3 signals no aggressive dollar bid; risk stays with EUR bulls.
Holds 1.1597, up 0.23% — EUR grinding higher as USD stays offered; 1.16 round number cleared, next technical test is 2023 high near 1.1275 already well below current price.
Main risk
USD snap-back on hawkish Fed rhetoric
Fed speaker surprises with rate-hold signal; USD/JPY above 160 would confirm dollar strength and drag EURUSD back through 1.1500.
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