EUR/USD: Up 0.04% to 1.1626 — Bullish — Above Key MAs
MarketsFN Team
EUR/USD: Up 0.04% to 1.1626 — Bullish — Above Key MAs
Published: September 08, 2026 · MarketsFN Team · US Session
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD | 1.1626 | +0.04% | 40.2 | 1.1615 | 1.1516 | 1.2041 | 1.1358 | 1.1621 | 1.1636 | 1.1606 |
📊 Support & Resistance Levels
Dynamic Trendlines
| Level | Type | Direction | Distance |
|---|---|---|---|
| 1.1582 | 20d Support | ↗ ascending | -0.38% / 44.5 pips |
| 1.1718 | 20d Resistance | → flat | +0.79% / 91.7 pips |
| 1.1599 | 50d Support | ↗ ascending | -0.23% / 27.1 pips |
| 1.1800 | 50d Resistance | ↗ ascending | +1.50% / 173.9 pips |
Static Levels
| Level | Type | Touches | Distance |
|---|---|---|---|
| 1.1729 | Resistance | 2× | +0.88% / 102.6 pips |
| 1.1668 | Resistance | 2× | +0.36% / 41.5 pips |
| 1.1640 | Resistance | 2× | +0.12% / 14.0 pips |
| 1.1616 | Support | 2× | -0.09% / 10.0 pips |
| 1.1575 | Support | 3× | -0.44% / 51.4 pips |
| 1.1505 | Support | 2× | -1.04% / 120.6 pips |
EUR/USD is trading at 1.1626 (+0.04%), testing the upper bounds of a consolidating range as buyers attempt to extend the pair’s nascent uptrend. The rate sits above both the 20-day (1.1615) and 50-day (1.1516) SMAs, confirming bullish momentum, though the 20-day channel remains sideways with resistance at 1.1718 (+91.7 pips) and ascending support at 1.1582 (-44.5 pips). The broader 50-day channel is ascending, with resistance at 1.1800 (+173.9 pips) and support at 1.1599 (-27.1 pips), reinforcing the bullish bias.
Static levels highlight immediate battlegrounds: S1 at 1.1616 (-10.0 pips) aligns closely with today’s low (1.1608), while R1 at 1.1640 (+14.0 pips) marks the first hurdle ahead of today’s high (1.1636). A break above R1 could accelerate gains toward R2 at 1.1668 (+41.5 pips), but failure risks a retest of the 20-day SMA. RSI at 40.2 is neutral, leaving room for momentum to build if buyers sustain pressure.
The short-term outlook hinges on whether EUR/USD can hold above pivot (1.1621) and challenge R1 decisively. A close above 1.1636 (today’s high) would signal bullish conviction, while a rejection here could see the pair retrace toward 1.1616 support. Watch US session flows for confirmation—a sustained push above 1.1640 would open the path toward 1.1668, while a drop below 1.1616 risks testing 1.1606 (S1 pivot).
Disclaimer
The content on MarketsFN.com is provided for educational and informational purposes only and does not constitute financial advice. All investments involve risk and past performance does not guarantee future results.
