EUR/USD Price Forecast: Gains ground to near 1.1600, bullish vibe prevails above 100-day SMA

Published Aug 31, 2026 1:56 AM Last refreshed Aug 31, 2026 3:00 AM Source: EODHD Event Time: Aug 31, 2026 1:56 AM

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This market news item includes source data powered by EODHD.

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EUR/USD Price Forecast: Gains ground to near 1.1600, bullish vibe prevails above 100-day SMA

Source: EODHD - https://www.fxstreet.com/news/eur-usd-price-forecast-gains-ground-to-near-11600-bullish-vibe-prevails-above-100-day-sma-202608310556
Published: Aug 31, 2026 1:56 AM

The EUR/USD pair trades in positive territory around 1.1590 during the early European trading hours on Monday. However, the potential upside for the major pair might be limited as traders ramped up bets on a rate hike after hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh.

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.

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