{
  "id": 6567311,
  "title": "EUR/USD Price Forecast: Consolidates around 1.1640 in countdown to ECB’s policy decision",
  "url": "https://urgent.news/2026/09/10/eur-usd-price-forecast-consolidates-around-1-1640-in-countdown-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T08:49:01.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-usd-price-forecast-consolidates-around-11640-in-countdown-to-ecbs-policy-decision-202609100849"
  },
  "original_language": "en",
  "account": "During the European trading session on Thursday, the Euro (EUR) remains within a narrow range of approximately 1.1640 against the US Dollar (USD). Traders closely watch the European Central Bank (ECB) policy decision, scheduled to be released at 12:15 GMT, which is anticipated to include a 25 basis points (bps) increase in the Deposit Facility Rate to 2.5%. Key factors influencing the euro's future trajectory include the ECB's interest rate hike expectations and President Christine Lagarde's press conference. Analysts at Danske Bank predict the ECB will implement another minor tightening measure, raising the policy rate to 2.50%, aligning with market pricing and consensus forecasts. President Lagarde is expected to maintain flexibility in the future rate path, refraining from offering specific guidance to limit market reactions. Meanwhile, the US Dollar (USD) awaits the release of the United States Producer Price Index (PPI) data for August at 12:30 GMT, with expectations of a higher-than-expected 5.3% year-on-year increase from 4.7% in July. The core PPI, excluding volatile food and energy components, rose by 4.6% year-on-year. In the daily chart, EUR/USD trades at 1.1637, maintaining a near-term bullish outlook as it stays above the 20-day exponential moving average (EMA) at 1.1609, indicating ongoing demand. The Relative Strength Index (RSI) remains at 58, showing a positive tilt without signaling overbought conditions. EUR/USD's support lies at the 20-day EMA at 1.1609; a breach of this level could weaken the bullish bias and open the door to a deeper correction.",
  "summary": "The Euro (EUR) trades in a tight range at around 1.1640 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair consolidates as investors await the European Central Bank’s (ECB) monetary policy decision, which will be announced at 12:15 GMT.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "USD/CAD Price Forecast: Wobbles around 1.3800 ahead of US PPI data",
        "url": "https://urgent.news/2026/09/10/usd-cad-price-forecast-wobbles-around-1-3800-ahead-of-us-ppi-data",
        "published": "2026-09-10T06:40:18.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Dollar crawls higher ahead of ECB, US inflation data",
        "url": "https://urgent.news/2026/09/10/dollar-crawls-higher-ahead-of-ecb-us-inflation-data",
        "published": "2026-09-10T12:07:48.000Z"
      }
    ]
  },
  "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."
}