EUR/USD at Critical Crossroads Ahead of ECB Rate Decision
The EUR/USD currency pair has defended its pivotal support level for two consecutive weeks following the pullback from August highs.
Weekly momentum is attempting to stabilize in positive territory after reaching its strongest levels since May.
The September opening range is beginning to take shape as price remains caught within a broader multi-month consolidation.
The European Central Bank's rate decision and U.S. CPI/PPI headline next week's event risk, as markets reassess the relative policy outlook.