EUR/USD

Bullish

Archived analysis from Aug 17, 2026, 8:29 PM

Key insight

1.16 reclaimed after multi-year resistance break; next technical target is 1.1750 (2022 swing high). Dollar-negative cross-asset flow — gold at $4,418, silver +1.7% — sustains upward pressure.

Holds 1.1578 with gold +1.0% and BTC +1.9% flagging broad USD weakness; USD/JPY 159.5 confirms dollar offered across the board, keeping EUR/USD bid above the 2025 breakout zone.

Main risk

Fed hawkish pivot / US data upside

Stronger-than-expected US labour or CPI data could revive dollar demand, pushing EUR/USD back below 1.15 breakout support swiftly.

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