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fxAug 17, 2026, 10:22 PM

EUR/USD slips below 100-day SMA after failure at 1.1600

EUR/USD gave back early gains on Monday, reversing from 1.1614 to trade below 1.1600 and under the 100-day SMA.

EURUSD

EUR/USD posted minimal gains versus the US dollar on Monday, edging up about 0.08% at one point after reaching a month-and-a-half high of 1.1614.

The pair then reversed course and dropped back below the 1.1600 handle, trading under the 100-day simple moving average and near the low of the day into the close.

The price action leaves the shared currency struggling at 1.1600, with the failed attempt at that level acting as a near-term resistance area.

Source: FXStreet Forex News