EUR/USD
BullishArchived analysis from Aug 31, 2026, 8:30 PM
Key insight
1.1616 consolidates near multi-year resistance at 1.17 — break and hold opens 1.20; failure reverses to 1.1450 50-day MA. Direction hinges on upcoming US jobs and ISM data.
Holds 1.1616 after a sustained rally from 2025 lows near 1.02 — dollar weakness on Fed pivot expectations and EUR resilience drive the bid toward 2022 highs above 1.17.
Main risk
US labour market surprise — NFP
Stronger-than-expected NFP pushes USD bid, threatens 1.1450 support and invalidates the EUR rally thesis.
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