EUR/USD Price Forecast: Struggles at 1.1600, dives below 100-day SMA

EUR/USD Price Forecast: Struggles at 1.1600, dives below 100-day SMA

Source: EODHD - https://www.fxstreet.com/news/eur-usd-price-forecast-struggles-at-11600-dives-below-100-day-sma-202608172221
Published: Aug 17, 2026 6:21 PM

The shared currency clings to minimal gains versus the US Dollar on Monday, edging up by some 0.08% after reaching a month-and-a-half high at 1.1614, then reversing course and falling beneath 1.1600, poised to end the session near the low of the day (LOD) of 1.1561.

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.