EUR/USD
BearishArchived analysis from Aug 26, 2026, 8:31 PM
Key insight
1.1700 capped the rally; daily close below 1.1650 opens a retest of 1.1580 200-day MA. USD bid confirmed across majors — GBP/USD -0.4%, EUR/USD -0.2% — while US equities hold near all-time highs, reducing safe-haven EUR demand.
Pullback from 1.1700 round number with USD/JPY firm at 159.4 and gold dropping 1.4% signals broad USD recovery — EUR/USD fading after failing to extend above the 1.17 handle.
Main risk
Fed hawkish pivot re-acceleration
Surprise Fed hawkishness at Jackson Hole or strong US data above 1.1750 could extend EUR downside sharply toward 1.1500.
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