EUR/USD
BearishArchived analysis from Aug 28, 2026, 9:07 PM
Key insight
1.1586 fails to hold 1.16 handle on a Friday close — dollar bid accelerates with gold and crypto both down 3%+, signalling a broad risk-off USD rally that targets 1.1480 next.
Sliding 0.57% to 1.1586, EUR/USD has retreated from 2026 highs — USD/JPY rising to 160.1 signals broad dollar recovery, threatening the 1.1550 demand zone below.
Main risk
Fed higher-for-longer policy pivot
Sustained Fed hawkishness at 1.1480 Fib support could accelerate EUR/USD breakdown toward 1.1300 swing low.
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