Euro: Range-bound before FOMC against US Dollar – ING

Euro: Range-bound before FOMC against US Dollar – ING

Source: EODHD - https://www.fxstreet.com/news/euro-range-bound-before-fomc-against-us-dollar-ing-202608181230
Published: Aug 18, 2026 8:30 AM

Chris Turner at ING describes EUR/USD as contained after a rally stalled just above 1.16, with investors cautious due to high natural gas prices and upcoming FOMC minutes. He expects a 1.1520–1.1580 range near term, while higher energy supports ECB hike expectations.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.