EUR/USD

Bullish

Archived analysis from Sep 9, 2026, 9:08 PM

Key insight

ECB decision Thursday — a hawkish hold or further rate signal pushes EUR above 1.1640 resistance and opens 1.1700. USD softness and gold at $4,397 confirm dollar bears in control near-term.

Holds above 100-day MA at 1.1580 and tags 12-day highs at 1.1640; ECB rate decision Thursday is the next binary catalyst for extension toward 1.1700.

Main risk

FOMC Sep 15-16 hawkish surprise

Fed Chair Warsh doubled down on 2% inflation target at Jackson Hole; a hawkish FOMC could reverse USD weakness and drag EUR/USD back below 1.1580.

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