The Pound-Euro could face resistance if German inflation revives ECB hike bets, while UK GDP revisions may offer Sterling some direction. The Pound Euro (GBP/EUR) exchange rate edged slightly higher on Tuesday, although a lack of UK data limited Sterling's success.
Morning briefing: EUR/USD holds above crucial support at 1.1300
The short‑term Elliott Wave outlook for EURUSD indicates that a five‑wave impulsive structure is developing from the August 21, 2026 high. From that peak, wave (i) concluded at 1.1566, followed by a corrective rally in wave (ii) that terminated at 1.1654.
EUR/USD multi-dimensional structural decomposition – 8TF
Euro approaches yearly lows at 1.1324 against an unstoppable US Dollar
EUR/USD: Lagarde's dovish tilt weighs on Euro – ING
Rising Treasury yields and Fed hike expectations support DXY as EUR/USD remains pressured, while higher UK inflation expectations support sterling.
EUR/USD Price Forecast: Softens to near 1.1350 as bearish bias holds below key averages
Morning briefing: EUR/USD can test support at 1.1300
EURUSD losing steam Traders are still digesting the recent Fed announcement that another two rate cuts are on the horizon in the final quarter. More volatility for the dollar is likely, as well as for gold, as uncertainty continues across the board.
EUR/USD: Consensus shifts lower on Dollar resilience – Societe Generale
The Euro managed to break below the support trend at 1.1390. If prices hold below the daily close of 1.1410, more of a drop is likely towards the 1.1200-50 zone.