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fxAug 10, 2026, 5:44 AM

EUR/USD Forecast Eyes Further Upside Towards 1.1620

The Euro trades near 1.1550 against the US Dollar on Monday, with forecasts targeting a rise to 1.1620.

EURUSD

EUR/USD is trading around 1.1550 in early European hours on Monday, slipping modestly as the US Dollar attempts to rebound from its recent sharp decline. The slight pullback comes after a period of weakness for the greenback.

Despite the dip, technical outlooks remain constructive, with analysts eyeing a move toward the 1.1620 level. The pair’s upward bias is supported by ongoing Euro strength and broader dollar softness.

Further gains could materialize if key resistance levels are cleared.

Source: FXStreet Forex News