EUR/USD Price Forecast: 200-day SMA caps Euro as Dollar firms

EUR/USD Price Forecast: 200-day SMA caps Euro as Dollar firms

Source: EODHD - https://www.fxstreet.com/news/eur-usd-price-forecast-200-day-sma-caps-euro-as-dollar-firms-202609012204
Published: Sep 01, 2026 6:04 PM

The shared currency edges lower, capped by the 200-day Simple Moving Average (SMA) at 1.1633, amid rising geopolitical tensions and escalating hostilities between the US and Iran, prompting investors to buy the US Dollar. At the time of writing, the EUR/USD trades at 1.1590, down 0.25%.

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.