EUR/USD close to a major breakout as traders await the ECB decision, US-Iran developments
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
BNP Paribas | Bearish | 1.1500 |
UBS | Bullish | 1.1800 |
UOB | Bullish | 1.1800 |
From the original
FUNDAMENTAL OVERVIEW USD: The US dollar started to regain ground in recent days as the prolonged US-Iran conflict and surging oil prices trumped the hopes for a quick de-escalation. The situation in the Middle East is getting even worse as the Houthis started to disrupt the Bab e
Related speeches
4 itemsEUR/USD extends the consolidation amid widely expected ECB hikes, US-Iran stalemate
Lead — The EUR/USD pair remains in a consolidation phase as traders await clearer signals from both the ECB and the Federal Reserve. Per the full note from Giuseppe Dellamotta, the US dollar has strengthened slightly amid geopolitical tensions and higher-than-expected inflation data, while the euro faces pressure despite anticipated ECB rate hikes. The market is pricing in an 87% probability of a June rate hike from the ECB, but the desk sees limited room for the euro to rally based solely on interest rate expectations. Upcoming US Retail Sales and Jobless Claims data will be crucial in shaping market sentiment.
EUR/USD stays rangebound ahead of ECB policy announcement as traders await Trump's decision on Iran
More like this
5 itemsUSDJPY tests the 61.8% retracement as buyers and sellers battle for control
The Indian Rupee's slide pauses ahead of the UN General Assembly as hopes for de-escalation grow
USD/JPY intervention risk grows as Japan holiday leaves yen exposed in thin liquidity
Market outlook for the week of 21st-25th September