Euro-dollar, dailyEuro/US DollarFX:EURUSDMichael_Stark_ExnessEuro-dollar hasn’t been very active in September so far despite a particularly weak NFP and rising expectations for dovishness by the Fed. The ECB might have ended its cycle of loosening policy after possible signals to this effect from its latest meeting. However, the rates are very unlikely to be equal between the eurozone and the USA until spring 2026 at the earliest. Drawing a channel between July’s high and low would mean a range between about $1.182 and $1.14, but neither of those areas has been tested since then. There’s no clear signal from the slow stochastic but it’s closer to overbought than oversold. The main dynamic resistance in the medium term might be the 100 SMA but faster moving averages, here the 50 from Bands and the 20, might also be dynamic supports in the short term. A large movement in either direction seems unlikely before the Fed’s upcoming meeting on 17 September. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.