EUR/USD, GBP/USD, and USD/CAD Short-Term Forecast for 31/08/2026

EUR/USD, GBP/USD, and USD/CAD Short-Term Forecast for 31/08/2026

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/eur-usd-gbp-usd-usd-131237921.html
Published: Aug 31, 2026 9:12 AM

EUR/USD Technical AnalysisEUR/USD falls to 1.1598, trading well below the 50 and 200 EMAs after breaking down from the 1.1700 resistance level. Source: TradingView. The euro has been trying to recover early on Monday, but in a very lackluster fashion. I think at this point, traders are out there trying to sort out what the Friday speech actually means for forex markets when Kevin Warsh basically eliminated the idea of Federal Reserve rate cuts that many traders had been trying to price in. As usual, the market got way ahead of itself with that. We've been seeing this for a couple of years now where the market gets excited about potential rate cuts coming out of the United States for a couple...

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.