EUR/USD Price Forecast: Weakens below 1.1600, further consolidation cannot be ruled out

Published Sep 02, 2026 12:49 AM Last refreshed Sep 02, 2026 4:00 AM Source: EODHD Event Time: Sep 02, 2026 12:49 AM

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This market news item includes source data powered by EODHD.

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EUR/USD Price Forecast: Weakens below 1.1600, further consolidation cannot be ruled out

Source: EODHD - https://www.fxstreet.com/news/eur-usd-price-forecast-weakens-below-11600-further-consolidation-cannot-be-ruled-out-202609020449
Published: Sep 02, 2026 12:49 AM

The EUR/USD pair loses traction to near 1.1575 during the early European session on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) amid hawkish Federal Reserve (Fed) stance and escalating Middle East geopolitical tensions.

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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