EUR/USD

Bullish

Archived analysis from Aug 21, 2026, 3:40 AM

Key insight

1.17 cleared and holding — next resistance at 2023 swing high 1.1275 already surpassed; 1.1850 is the critical bull target. USD weakness via soft Fed tone and gold at $4,532 confirms risk-off dollar selling.

Holds 1.1697, up 0.15% — EUR/USD trades near multi-month highs as USD index pressure persists; 1.17 round number cleared and holding as near-term base.

Main risk

USD Reversal on Hawkish Fed Shift

Fed pivot rhetoric reversal pushes DXY back above 102 — EUR/USD drops below 1.1600 and 50-day MA support at 1.1540 exposed.

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