EURUSD surged after the US elections but the full move was contained in the consolidation range that has arrested the pair since late July. Vaccine optimism seemed to favour euro slightly but it was not enough for the pair to make it above 1.19. To the contrary, two daily pinbars just below the resistance zone could be a warning sign that at that level there’s no demand – at least at the moment. Also bear in mind that net speculative positioning remains elevated, adding to the downside risk. Key support zone is located at 1.16.

Economic Calendar: ECB decision, Oracle results, and US inflation - what to expect? (07.09.2026)
Three Markets to Watch Next Week (04.09.2026)
BREAKING: NFP with a massive upside; EURUSD dips 🚨
Will NFP force the Fed to hike rates?