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02 Sept 2026 · 01:04 GMT+3

EUR/USD Price Forecast: 200-day SMA caps Euro as Dollar firms

The shared currency edges lower, capped by the 200-day Simple Moving Average (SMA) at 1.1633, amid rising geopolitical tensions and escalating hostilities between the US and Iran, prompting investors to buy the US Dollar. At the time of writing, the EUR/USD trades at 1.1590, down 0.25%.

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