EUR/USD

Bullish

Archived analysis from Aug 20, 2026, 1:28 PM

Key insight

1.17 big-figure holds as near-term base; break above 1.1750 2026 swing high opens 1.1900. Dollar softness across GBP (+0.3%) and JPY confirms broad USD selling, not EUR-specific strength.

Holds 1.1689 with USD broadly soft — USD/JPY at 158.6 confirms dollar weakness; EUR momentum intact above 1.15 range highs that capped 2025 trading.

Main risk

USD Reversal on Fed Hawkish Surprise

Unexpected Fed pushback on cuts sends DXY above 101 and breaks EUR/USD below the 1.1550 200-day MA, invalidating the bull structure.

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