EUR/USD Price Forecast: Declines to near 1.1650, overbought signals curb upside bias

EUR/USD Price Forecast: Declines to near 1.1650, overbought signals curb upside bias

Source: EODHD - https://www.fxstreet.com/news/eur-usd-price-forecast-declines-to-near-11650-overbought-signals-curb-upside-bias-202608260536
Published: Aug 26, 2026 1:36 AM

The EUR/USD pair trades in negative territory near 1.1665 during the early European trading hours on Wednesday, pressured by a rebound in the US Dollar (USD). Markets turn cautious ahead of the release of the key US July Personal Consumption Expenditures (PCE) Price Index report later on Wednesday.

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.