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fxAug 4, 2026, 8:52 AM

EUR/USD needs decisive break above 1.1600 for fresh upside

EUR/USD trades cautiously near 1.1500, and must clear the 1.1600 barrier with conviction to unlock further gains.

EURUSD

The euro is hovering around Monday’s low of 1.1500 against the US dollar during European trading, showing limited momentum.

For a sustained upward move, the pair needs to break decisively above the 1.1600 resistance level. Without that, the outlook remains restrained.

Source: FXStreet Forex News