{
  "id": 7808397,
  "title": "Euro: Consolidation with downside risks against US Dollar – Scotiabank",
  "url": "https://urgent.news/2026/09/16/euro-consolidation-with-downside-risks-against-us-dollar-scotiabank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T15:09:02.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-consolidation-with-downside-risks-against-us-dollar-scotiabank-202609161509"
  },
  "original_language": "en",
  "account": "Scotiabank analysts Shaun Osborne and Eric Theoret report the Euro (EUR) is currently in a tight range around 1.15, awaiting the Federal Open Market Committee (FOMC) decision. Eurozone Industrial Production data had a minimal effect on market sentiment. Implied volatility indicates a small move is already priced in. Technical analysis suggests a pause before further EUR/USD decline to the 1.1450-1.1475 range if support breaks. Eurozone July Industrial Production data came in at a 0.1% decrease, slightly better than expected forecasts of a 0.2% drop, but had no impact on EUR sentiment. Overnights have seen a modest increase in volatility, implying a breakeven move in spot of about 50 pips, suggesting markets may have largely priced in a hawkish Fed outcome. Short-term technicals for EUR/USD point to a neutral/bearish outlook, with the pair currently consolidating in a narrow range around the mid-1.15s. A decline below 1.1515/20 could further drive EUR/USD lower to 1.1450/75, with resistance at 1.1565/75.",
  "summary": "Scotiabank strategists Shaun Osborne and Eric Theoret note the Euro (EUR) is consolidating in a tight range around the mid-1.15s as markets await the Federal Open Market Committee (FOMC).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "New Zealand Dollar: Growth risks temper RBNZ pricing – ING",
        "url": "https://urgent.news/2026/09/16/new-zealand-dollar-growth-risks-temper-rbnz-pricing-ing",
        "published": "2026-09-16T11:30:58.000Z"
      }
    ]
  },
  "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."
}