EUR/USD: Moved lower and banked +36 pips +3%

The EUR/USD moved lower as traders banked +36 pips, closing 3% higher. This movement reflects ongoing volatility in the forex markets, influenced by upcoming macroeconomic data releases and geopolitical tensions. As the pair currently hovers at 1.1446, it remains below the consensus forecast of 1.1700 for March 2026, highlighting market caution ahead of the European Central Bank's policy decision. Market participants should closely monitor further developments in both economic indicators and Central Bank guidance.

EUR/USD: Moved lower and banked +36 pips +3%

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EUR/USD: Moved lower and banked +36 pips +3%

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Other coverage on this pair

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Bank desks on this topic

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FX Daily: CPI can seal the deal on a Fed hike

Cross-firm research

EUR/USD Consensus Check: Spot at 1.1604, Median Target 1.17 — Week of September 11, 2026

European Central Bank raised rates to 2.50% — Euro path hinges on ECB's next signal, not today's move

Fed Rate Decision Preview — September 16, 2026: Street Targets 1.17

Primary source

Rates Spark: The heat ratchets higher