EUR/USD Faces Strong Bearish PressureEUR/USDOANDA:EURUSDNouzTraderEUR/USD EURUSD has faced selling pressure for four consecutive sessions and consolidated below the 1.1550 area throughout the Asian trading session on Tuesday, September 15, 2026. ------------------------------------------------------------------------------------------------------------- ✅ US Monetary Policy & ING Projection: FOMC Meeting Begins & 10-Year Yield Nears Critical 5% Threshold Bond market dynamics and US monetary policy are driving US Dollar dominance: - ⚡Start of 2-Day FOMC Meeting (September 15–16): The Fed begins its monetary policy meeting today. Markets are pricing in an over 86% probability of a benchmark interest rate hike (+25 bps) following the release of surging Core CPI (0.3% MoM) and PPI (5.4% YoY) inflation data. - ⚡Exclusive Projection by Padhraic Garvey (ING): ING’s Regional Head of Research, Padhraic Garvey, warns that the US 10-year government bond yield is being aggressively pushed toward the psychological 5% level (currently at 4.9%). - ⚡Hawkish ECB Stance Limits Downside: The Euro's downside is marginally capped by the prospect of further European Central Bank (ECB) tightening following last week's +25 bps rate hike. ------------------------------------------------------------------------------------------------------------- ✅ Technical Analysis (Intraday) From a technical perspective on the daily chart, EUR/USD maintains a bearish structure. - ⚡Significance of the Breakout Level (1.1533): The 50.0% Fibonacci Retracement area at 1.1533 acts as the most vital daily support level. A clean break below 1.1533 would confirm an accelerated decline toward the 61.8% Fibonacci level at 1.1491, followed by the 78.6% Fibonacci level at 1.1430. - ⚡Upper Resistance (1.1555 – 1.1633): The initial support level at 1.1555—which has been breached—along with the 38.2% Fibonacci level (1.1575), now serves as a zone for selling into rallies. A dense cluster at 1.1633 acts as the key upper limit for the current bearish bias.