{
  "id": 10588357,
  "title": "Euro consolidates above 1.1350, seems vulnerable near late July lows amid bullish USD",
  "url": "https://urgent.news/2026/09/29/euro-consolidates-above-1-1350-seems-vulnerable-near-late-july-lows",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T01:59:47.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-consolidates-above-11350-seems-vulnerable-near-late-july-lows-amid-bullish-usd-202609290159"
  },
  "original_language": "en",
  "account": "The EUR/USD currency pair has been consolidating near the 1.1365-1.1370 level during the Asian session on Tuesday and has reached its lowest level since July 28. Traders are waiting to see how the Middle East crisis develops before making new directional bets. US President Donald Trump rejected an Iranian proposal to end fighting and reopen the Strait of Hormuz immediately. However, there are reports that Trump is open to easing sanctions on Iran in exchange for concrete progress on Iran's nuclear program. The broader fundamental backdrop supports the US Dollar (USD) and suggests that the EUR/USD pair is likely to move downwards. This is due to projections by the US Federal Reserve (Fed) for another rate increase by the end of the year, following a 25 basis points hike earlier this month. Additionally, energy-driven inflationary concerns indicate further Fed tightening, which continues to push US bond yields to multi-year highs. This supports the USD near a two-month high, touched last Thursday. Meanwhile, ECB President Christine Lagarde stated that a measured policy response is appropriate as there is no evidence of energy prices feeding into higher wages. Her stance against more aggressive rate hikes keeps Euro bulls cautious, making it prudent to wait for confirmation of a bottom before expecting any meaningful recovery. The EUR/USD pair's near-term outlook remains bearish. A convincing break below the 1.1350 horizontal support would confirm further losses, potentially dropping the price to the year-to-date low near 1.1325, en route to 1.1300. A recovery attempt is more likely to face resistance near the 1.1460 supply zone. If cleared, the EUR/USD pair could surpass the 1.1500 psychological mark, though it may stay capped near the 200-day Simple Moving Average at 1.1557. The Euro, the second most heavily traded currency worldwide, is used by the 20 European Union countries in the Eurozone. The ECB sets interest rates and manages monetary policy in the Eurozone, aiming to maintain price stability through inflation control or economic growth. The ECB's primary tool for policy decisions is raising or lowering interest rates. Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is crucial for the Euro's value. If inflation exceeds the ECB's 2% target, the ECB may raise interest rates to control it. Economic indicators like GDP, PMIs, employment, and consumer sentiment can impact the Euro. Strong economic data indicates a healthy economy, attracting foreign investment and possibly leading to higher interest rates, which strengthens the Euro. Conversely, weak economic data may weaken the Euro. Significant Eurozone economic data releases include GDP, PMIs, employment, and consumer sentiment surveys. The Trade Balance, indicating the difference between exports and imports, also influences the Euro's value. A positive trade balance strengthens the currency, while a negative balance weakens it.",
  "summary": "The EUR/USD pair is seen consolidating around the 1.1365-1.1370 region during the Asian session on Tuesday and trading near its lowest level since July 28, touched the previous day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "US stocks fall as higher oil prices, Treasury yields weigh",
        "url": "https://urgent.news/2026/09/28/us-stocks-fall-as-higher-oil-prices-treasury-yields-weigh",
        "published": "2026-09-28T22:07:09.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "Stocks fall as higher oil prices, Treasury yields rise",
        "url": "https://urgent.news/2026/09/28/stocks-fall-as-higher-oil-prices-treasury-yields-rise",
        "published": "2026-09-28T23:05:36.000Z"
      },
      {
        "outlet": "RNZ Business",
        "title": "Treasury growth forecasts largely unchanged - house prices weaker",
        "url": "https://urgent.news/2026/09/29/treasury-growth-forecasts-largely-unchanged-house-prices-weaker",
        "published": "2026-09-29T00:12:34.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD drops to near $60.50 amid surging oil, Treasury yields",
        "url": "https://urgent.news/2026/09/29/silver-price-forecast-xag-usd-drops-to-near-60-50-amid-surging-oil",
        "published": "2026-09-29T01:23:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}