Morning briefing: EUR/USD may trade in the 1.1350-1.1420 region
Euro advances as US Dollar declines ahead of Fed policy decision
EUR/USD Price Forecast: Under pressure with YTD lows at 1.1324 coming closer
Euro revisits monthly low against US Dollar in countdown to Fed's policy
If price continues higher and breaks above the July 27 2026 high then trade setup is cancelled and if price breaks below the July 27 2026 low without tapping the 4H FVG then trade setup is cancelled.
It's difficult for the US Dollar to go anywhere without at least some participation from the Euro. After all, the single currency is a whopping 57.6% of the DXY basket and the second largest component, the Japanese Yen, is a mere 13.6% composition.
Summary:EUR/USD traded near 1.1370 as the euro remained under pressure against a resilient US dollar. The pair continues to consolidate after a steady decline from May's highs, with traders awaiting fresh economic catalysts.
Bank of America remains short EUR/USD and forecasts a fall to 1.12 as US yield support and renewed energy pressures continue to favour the Dollar. Foreign exchange analysts at Bank of America remain tactically short the Euro against the US Dollar, arguing that calm conditions across G10 foreign exchange markets are masking much larger.
Euro: Recovery signals offer limited upside against US Dollar – BBH
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Euro: Firmer against US Dollar despite slower growth – BNP Paribas