EUR/USD has declined from 1.17000 from mid-August moving towards 1.15000 price level.
Economic Calendar Analysis
Upcoming Fed Policy meeting may increase overall volatility, creating possible mispricing of the implied rate of the target effective rate, although market consensus suggests that rate hike is imminent on the 16th of September.
EUR/USD Daily chart analysis
Daily Chart
Hourly Timeframe (1H) Outlook
On the 1-hour chart, EUR/USD is trading at 1.15371, probing the green dashed support line near 1.1530–1.1540 after a sharp multi-day cascade from the lower-high structure capped below 1.1650. The intraday price action shows strong bearish momentum with consecutive falling candles, but the pace has begun to compress right at this horizontal pivot, presenting two immediate paths.EUR/USD chart
Hourly Chart