EUR/USD Forecast: Struggles At 1.18 After Fed Cut – Consolidation Or Breakout Ahead?
The euro nudged up against the pound after the BoE rate hold, but EUR/GBP remains stuck in its 0.86–0.8750 range, favoring short-term trading setups.
Dollar Recovery Could Be Short-Lived
Recent U.S. economic data shows a mixed picture: jobless claims dropped to 231,000, signaling labor market stability despite slower hiring due to tariff uncertainties and tighter immigration policies.
Intraday Analysis - Friday, Sep. 19
The Yen retreated as the Dollar gained over 200 pips in recent sessions. 149.00, where the previous rally came under pressure, is now a major ceiling to lift.
