EUR/USD

Bearish

Archived analysis from Sep 1, 2026, 8:32 PM

Key insight

1.1580 channel support holds short-term fate — break below opens 1.1480 Aug swing low. Eurozone Aug HICP due today; weak print accelerates USD bid with Fed at 3.75% vs ECB at 2.40%.

Rejected at 1.1700 channel top; Warsh's hawkish Jackson Hole tone lifted USD, leaving EUR/USD below 1.16 and testing ascending channel support.

Main risk

Middle East Escalation / Oil Spike

US-Iran exchange of fire drove oil above $90; risk-off USD demand intensifies — EUR/USD pressured below 1.1580 channel support.

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