Fundamental Market Analysis for September 21, 2026 EURUSD
EURUSD:
A month without swaps on majors!
The euro begins the session without clear support after the ECB previously raised rates by 25 basis points. The decision itself has already been largely priced in, and the regulator's recent comments indicate caution regarding further tightening, primarily due to high energy costs. For EUR/USD, this reduces the strength of the local factor in favor of the single currency.
The dollar retains stronger short-term momentum. On September 16, the Fed raised its rate range to 3.75?4.00%, and most officials expect at least one more hike by year-end. Additional support for the US currency comes from fresh statements indicating that inflation remains too high, so the market continues to price in the possibility of further policy tightening.
Trading idea: SELL 1.1485, SL 1.1515, TP 1.1410
