EUR/USD

Neutral

Archived analysis from Aug 24, 2026, 8:32 PM

Key insight

1.17 caps intraday — break and close above flips bias to 1.1850; failure risks pullback to 1.1480 50-day MA. Gold at $4,651 and soft USD across the board keep downside shallow.

Holds 1.1663 after a multi-month rally from 2025 lows; bullish trend intact but momentum fading near 1.17 round-number resistance and 2023 swing highs.

Main risk

USD/JPY at 159.2 — BOJ policy risk

BOJ rate surprise would strengthen JPY, drag EUR/USD via broad USD repricing; 155.00 on USD/JPY is the trip-wire level.

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