EUR/USD Price Forecast: Buyers eye a break above the 100-day SMA

EUR/USD Price Forecast: Buyers eye a break above the 100-day SMA

Source: EODHD - https://www.fxstreet.com/news/eur-usd-price-forecast-buyers-eye-a-break-above-the-100-day-sma-202608071738
Published: Aug 07, 2026 1:38 PM

EUR/USD edges higher on Friday, supported by a softer US Dollar (USD) as traders scale back Federal Reserve (Fed) rate-hike bets following a disappointing US Nonfarm Payrolls (NFP) report. At the time of writing, the pair trades around 1.1562, hovering near a seven-week high.

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.