EUR/USD bumping towards 1.07 in Monday bullish bounce

The EUR/USD is hunting for an upshot to reclaim the 1.0700 handle ahead of a midweek Fed showing.
The Euro has been belted by the Greenback for nine straight weeks, and bidders will be looking for a foothold.
EU & US economic data to feature heavily to cap off the trading week.

Joshua Gibson FXStreet

The EUR/USD is shifting higher to kick off the new trading week, claiming ground that was recently lost in last week’s backslide.

The Euro (EUR) has managed to turn Monday into the green against the Greenback (USD) after opening the day near 1.0668, and the pair is currently tapping into the ceiling near 1.0700.

Fed rate call coming down the chute on Wednesday

It’s going to be a Dollar-dominant week for the EUR/USD with the economic calendar notably thin for the European Union (EU) side of the equation, and the Federal Reserve (Fed) slated for another rate call in the midweek.

The Fed is largely expected to stand pat on interest rates at 5.5%, but investors will be keeping a close eye on the Fed’s ‘dot plot’ and inflation expectations, as well as looking for any forward-looking indications during the Federal Open Market Committee (FOMC) press conference. The Fed’s rate call drops at 18:00 GMT on Wednesday, with the press conference slated for half an hour later at 18:30.

US Initial Jobless Claims for the week into September 15th land on Thursday at 12:30 GMT, followed by preliminary Consumer Confidence figures at 14:00. US jobless claims last printed at 220K, while EU consumer sentiment is expected to decline slightly from -16 to -16.5.

Both releases are expected to be medium impact and market participants will largely be focused on Friday’s Purchasing Manager Indexes (PMI) for both the EU and the US.

The EU’s Composite PMI, scheduled early Friday at 08:00 GMT is expected to decline slightly from 46.7 to 46.3, while the US side sees similar expectations at 13:45 GMT. The US Manufacturing PMI is forecast to slide from 47.9 to 47.8, while the services component is expected to tick down to 50.3 from 50.5.

EUR/USD technical outlook

Euro bulls will be looking to mark in a green week after the EUR/USD pair has closed bearish for the past nine consecutive weeks, and daily candlesticks have the pair firmly on the downside.

The 200-day Simple Moving Average (SMA) sits above current prices, parked near 1.0830, and the 34-day Exponential Moving Average (EMA) has given a bearish cross, gaining downside momentum into 1.0800.

Both the Relative Strength Index (RSI) and the Moving Average Convergence-Divergence (MCAD) indicator are on the low end, implying oversold conditions, and it’s the bulls’ game to lose if the Federal Reserve gives any surprises that could send the USD higher.

EUR/USD daily chart

EUR/USD technical levels

EUR/USD

Overview
Today last price	1.0694
Today Daily Change	0.0037
Today Daily Change %	0.35
Today daily open	1.0657

Trends
Daily SMA20	1.0782
Daily SMA50	1.093
Daily SMA100	1.0895
Daily SMA200	1.0828

Levels
Previous Daily High	1.0688
Previous Daily Low	1.0633
Previous Weekly High	1.0769
Previous Weekly Low	1.0632
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0667
Daily Fibonacci 61.8%	1.0654
Daily Pivot Point S1	1.0631
Daily Pivot Point S2	1.0605
Daily Pivot Point S3	1.0576
Daily Pivot Point R1	1.0686
Daily Pivot Point R2	1.0714
Daily Pivot Point R3	1.074

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

AUD/USD remains above 0.7200 after China's trade data

AUD/USD sits above 0.7200 in the Asian session on Tuesday, near its highest level since May 14. The US Dollar stays under pressure as a rallying Japanese Yen outweighs support from hawkish Fed bets and geopolitical tensions. This, along with firming expectations for another RBA rate hike later this month, acts as a tailwind for the Aussie. However, mixed China trade balance data keep the pair restricted.

USD/JPY stabilizes at around 154.00 as markets assess BoJ outlook

USD/JPY fluctuates at around 154.00 in the American session on Tuesday after rebounding from the six-month low it touched below 153.00 earlier in the day. Nevertheless, the upside attempts resemble technical corrections for now as Japan's upbeat wage growth data and Q2 GDP revision cement bets on a BoJ rate hike next week and continue to support the Japanese Yen.

Gold reverses early gains as US Dollar rebounds, Oil prices rise

Gold (XAU/USD) struggles to hold early gains and reverses course on Tuesday as a modest rebound in the US Dollar (USD) and rising Oil prices weigh on the precious metal. At the time of writing, XAU/USD trades around $4,400 after reaching an intraday high near $4,443.

Ripple and Stellar outlook: Hold bullish bias above EMAs as derivatives back upside

Ripple (XRP) and Stellar (XLM) hold above the key support zones on Tuesday, hinting at an upside move. Derivatives metrics further support the recovery, with both altcoins showing positive funding rates and rising long positions. Derivatives data shows a bullish tilt among XRP and XLM traders.

Europe in focus: September 2026

Six major net contributors demanded substantial cuts to the European Commission’s proposed 2028–2034 EU budget. Germany, Denmark, the Netherlands, Austria, Finland and Sweden issued a joint position on 27 August calling for the nearly €2 trillion proposal to be reduced by several hundred billion euros and rejecting additional common EU borrowing.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.