{
  "id": 3463058,
  "title": "Euro holds above mid-1.1600s vs USD; looks to US PCE data for fresh impetus",
  "url": "https://urgent.news/2026/08/26/euro-holds-above-mid-1-1600s-vs-usd-looks-to-us-pce-data-for-fresh",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T07:54:28.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-holds-above-mid-11600s-vs-usd-looks-to-us-pce-data-for-fresh-impetus-202608260754"
  },
  "original_language": "en",
  "account": "The EUR/USD currency pair remains stuck near the mid-1.1600s range against the US Dollar, awaiting fresh cues from the upcoming US Personal Consumption Expenditures (PCE) Price Index data and Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole Symposium. Traders are focusing on the data release to gauge the Fed's interest rate outlook, which could potentially influence the near-term USD price dynamics. However, there is a supportive fundamental backdrop in place, preventing traders from taking bearish positions on the EUR/USD pair. The Federal Reserve's policy stance is becoming a key factor in influencing the US Dollar's price movement. Meanwhile, while the ECB policymakers are considering raising interest rates at their upcoming September meeting to address Iran war-related economic concerns, the divergent Fed-ECB outlooks continue to provide support to the EUR/USD pair. The US Treasury's buyback strategy, combined with easing inflationary fears due to falling crude oil prices, is contributing to declining US bond yields. This, along with the optimism surrounding a potential diplomatic resolution to the ongoing US-Iran war, suggests that any significant pullback in the EUR/USD pair is likely to be absorbed and remain limited. Currently, the EUR/USD pair holds above the 61.8% Fibonacci retracement level of the April-June decline and is approaching the long-term 200-day Simple Moving Average (SMA). The next major hurdle to watch is the 78.6% Fibonacci retracement level at 1.1738, which, if breached, could open the path to the cycle high at 1.1852. Conversely, the initial support level lies in the 1.1649/1.1632 confluence, including the 61.8% retracement and the 200-day SMA. If the pair breaks below this support, it may face further downside towards the 50% retracement level at 1.1586 and the 38.2% retracement level at 1.1523.",
  "summary": "The EUR/USD pair struggles to capitalize on the previous day's modest bounce from the weekly low, and trades with a negative bias through the early European session on Wednesday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}