EUR/COP Pauses Above Key Support Amid Eurosystem Reserve Boost

The Eurosystem's net foreign currency position has seen an increase of EUR 0.9 billion to EUR 349.3 billion for the week ending August 21, 2026, according to the ECB.

This rise in reserves supports euro liquidity against emerging market currencies, including the Colombian peso, strengthening its position in the broader forex landscape.

The EUR/COP pair currently trades at COL$3,635 with a modest daily gain and sits above its key moving averages, reflecting a stable short-term position.

According to technical analysis, the price is expected to remain between COL$3,605 and COL$3,654 over the next few days, with a 75% probability of an up scenario if resistance is cleared.