Euro Technical Forecast: EUR/USD Fresh Highs, EUR/JPY Fresh Lows
Original excerpt
It was a big week for the FX market, but most of that drive came from the USD/JPY pair. While the prior week ECB meeting saw Christine Lagarde take a dovish tilt, EUR/USD stuttered after a downside break of a bear flag formation.
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Other coverage on this pair
EUR/USD Price Forecast: Buyers eye a break above the 100-day SMA
EUR/USD Weekly Forecast: US inflation and war doldrums to keep shaping market's mood
US inflation data and geopolitical risk-off sentiment remain primary drivers of EUR/USD directionality; USD strength likely persists absent dovish Fed signals.
Euro: Fed repricing supports moderate gains against US Dollar – Commerzbank
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Euro: Upside bias hinges on 1.1565 break against US Dollar – UOB
EUR/USD break above 1.1565 would signal completion of recovery structure and shift bias toward further upside; key chart resistance for positioning.
Bank desks on this topic
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Cross-firm research
EUR/USD Consensus Check: Week of August 7, 2026
Spot EUR/USD at 1.1530 sits just 0.45% below the 30-firm Dec-26 median of 1.1583, masking a 0.20-point dispersion from Citi's 1.10 to Deutsche Bank's 1.30.
EUR/USD Consensus Check: Spot at 1.1551, Week of August 6, 2026
EUR/USD spot sits at 1.1551, just 0.28% below the 30-firm Dec-26 median of 1.1583, but a 0.20-wide dispersion band signals deep disagreement beneath the surface.
EUR/USD Consensus Check: Spot at 1.1536, Median Target 1.1583 — Week of August 5, 2026
EUR/USD spot sits 0.40% below the 30-firm median Dec-26 target of 1.1583, with a 0.20 dispersion range signalling deep disagreement beneath a neutral headline bias.