{
  "id": 8032643,
  "title": "Euro: Downside levels in focus against US Dollar – UOB",
  "url": "https://urgent.news/2026/09/17/euro-downside-levels-in-focus-against-us-dollar-uob",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T13:38:44.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-downside-levels-in-focus-against-us-dollar-uob-202609171338"
  },
  "original_language": "en",
  "account": "UOB analyst Quek Ser Leang notes the emergence of downside momentum in the EUR/USD exchange rate, with the 21-day Exponential Moving Average (EMA) approaching a bearish cross below the 55-day EMA. The pair has breached the Ichimoku cloud and major moving averages, finding support at 1.1400 and potential further support at 1.1353 and 1.1324. Resistance is identified between 1.1555-1.1565 and near 1.1625. On September 14, 2026, EUR/USD broke below the 55-day EMA near 1.1555. Yesterday, the currency pair accelerated lower, falling beneath the lower boundary of the daily Ichimoku cloud at 1.1490. This rapid decline has positioned the 21-day EMA close to crossing below the 55-day EMA, indicating that bearish momentum continues to intensify. Historically, when the 21-day EMA crossed below the 55-day EMA on two prior occasions, EUR/USD experienced a prolonged decline, although the severity varied. If EUR/USD drops below 1.1400, market observers will be monitoring the July low of 1.1353 as the next important support level, followed by the June low of 1.1324.",
  "summary": "UOB’s Quek Ser Leang highlights building downside momentum in EUR/USD as the 21‑day EMA approaches a bearish cross below the 55‑day EMA. The pair has broken below the Ichimoku cloud and key moving averages, with support at 1.1400 and subsequent levels at 1.1353 and 1.1324.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro: Fair value falls on oil and Fed pressure against US Dollar - ING",
        "url": "https://urgent.news/2026/09/17/euro-fair-value-falls-on-oil-and-fed-pressure-against-us-dollar-ing",
        "published": "2026-09-17T11:20:49.000Z"
      }
    ]
  },
  "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."
}