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fxAug 17, 2026, 3:59 AM

EUR/USD Rally Faces Key Resistance at 1.1580

EUR/USD has tested the 1.1580 resistance zone on the 4-hour chart and remains above its 100 and 200 simple moving averages, with bulls watching a major overhead hurdle.

EURUSD

EUR/USD has pushed into the 1.1580 resistance zone on the 4-hour timeframe. The pair is holding above the 100-period simple moving average (red) and the 200-period simple moving average (green), indicating that the short-term trend remains constructive.

The advance is now facing a major hurdle near 1.1580. A sustained break above that area would be a bullish technical signal, while a rejection could leave the pair vulnerable to a pullback.

No additional catalysts or price targets were provided in the source.

Source: FXStreet Forex News