EUR/USD, USD/CHF, and GBP/USD Short-Term Forecast for 05/08/2026

EUR/USD, USD/CHF, and GBP/USD Short-Term Forecast for 05/08/2026

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/eur-usd-usd-chf-gbp-135942600.html
Published: Aug 05, 2026 9:59 AM

EUR/USD Technical AnalysisEURUSD trades around 1.15462, extending its climb to fresh highs above both the 50-period and 200-period EMAs. Source: TradingView. The euro looks like it is testing the 1.1560 level, an area that had been important previously on a swing high, so we'll have to see if we can break above there. It certainly looks like it's struggling, but I also recognize that recently the 1.15 level had been support. Typically speaking, this is a pretty choppy pair, and when we zoom out on the longer-term charts, we start to see that we are approaching an area that historically has seen a lot of chop and noise. So a little bit of a pullback here would not be surprising to me at all....

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.