EUR/USD
BullishArchived analysis from Sep 3, 2026, 3:46 AM
Key insight
1.1600 round number acting as near-term pivot — sustained close above it opens 1.1700 (2022 swing high). USD softness reinforced by gold +0.9% and yen rally; EUR momentum intact while 1.1500 holds.
Holds 1.1595 with USD/JPY sliding 0.6% — broad dollar softness supports EUR. Gold at 4,426 signals risk-off dollar selling. 1.16 round number cleared; next resistance at 2023 high near 1.1275 already well below spot.
Main risk
US labour data / Fed hawkish surprise
Strong US jobs print could reverse dollar weakness and push EURUSD back below 1.1500 support, invalidating the breakout above 1.16.
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