EUR/USD

Bullish

Archived analysis from Sep 3, 2026, 1:43 PM

Key insight

1.1594 EMA defending near-term bull structure; NFP Friday is the binary catalyst — beat risks flush to 1.1520, miss opens 1.1700 retest.

Holds above 20-day EMA at 1.1594 with RSI at 53; ECB rate hike next week confirmed by Nagel — EUR rate support intact vs Fed pause risk.

Main risk

US NFP Friday — USD spike risk

Strong August payrolls print could revive Fed tightening bets, punching EUR/USD below 20-day EMA at 1.1594 toward 1.1520.

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