EUR/USD
BullishArchived analysis from Aug 31, 2026, 3:39 AM
Key insight
1.1600 round number holds as near-term pivot; a clean close above 1.1650 resistance opens 1.1750 — the 2024 swing high. Dollar weakness driven by Fed easing cycle underpins the pair against a backdrop of broad risk-off equity selling.
Holds 1.1592 on the broker feed — EUR/USD trades near multi-month highs with USD broadly soft as Fed rate-cut expectations keep the dollar index under pressure below key 200-day MA.
Main risk
USD snap-back on hawkish Fed repricing
Surprise US data strength or hawkish Fed rhetoric could drive DXY back above its 200-day MA, pushing EUR/USD below 1.1480 support swiftly.
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