EUR/USD: Down 0.16% to 1.1573 — Price Below SMA-20
MarketsFN Team
EUR/USD: Down 0.16% to 1.1573 — Price Below SMA-20
Published: September 02, 2026 · MarketsFN Team
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD | 1.1573 | -0.16% | 56.7 | 1.1601 | 1.1496 | 1.1809 | 1.1354 | 1.1611 | 1.1632 | 1.1596 |
EUR/USD is trading at 1.1573 (-0.16%) as of September 02, 2026, during the European session. The pair's current rate is below the previous close of 1.1592, and it has traded within a narrow range of 1.1571 to 1.1600. This modest daily move is consistent with the average true range of 0.0056 over the past 14 days, indicating that today's volatility is in line with recent trends.
The technical picture suggests a consolidation phase, as EUR/USD is oscillating around its moving averages. The rate is below the 20-day simple moving average of 1.1601 but remains above the 50-day SMA of 1.1496. The relative strength index at 56.7 is in neutral territory, indicating a lack of clear directional momentum.
Key levels to watch include the pivot at 1.1611, with resistance at R1: 1.1632 and support at S1: 1.1596. Given that the current rate is below the pivot and R1, a continuation of the downside is possible if the pair fails to regain these levels.
The market may be underpricing the potential for a further decline if EUR/USD breaks below S1 at 1.1596. A forward catalyst to confirm or invalidate this view would be the release of upcoming US economic data, such as the ISM manufacturing index, which could impact the USD and, consequently, EUR/USD dynamics.
Disclaimer
The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice or investment recommendations. All investments involve risks and past performance does not guarantee future results. You are solely responsible for your investment decisions.
