EUR/USD

Bullish

Archived analysis from Aug 20, 2026, 3:40 AM

Key insight

1.1677 consolidates near 2025 highs — break above 1.1750 opens 1.20; USD/JPY at 158.4 and gold -0.7% signal mixed dollar tone, not a reversal.

1.1677 holds above 1.15 structural base; dollar softness on Fed pivot expectations keeps EUR/USD biased higher toward 1.20 round-number target.

Main risk

Fed hawkish reprieve / USD snap-back

Stronger US data or Fed pushback on cuts could spike USD, breaking 1.1550 and unwinding the 2026 EUR rally fast.

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