EUR/USD Holds Key Support as Event Risk Looms
The EUR/USD price action has shown resilience in defending key support for two consecutive weeks after pulling back from August highs.
Weekly momentum is attempting to stabilize in positive territory, having reached its strongest levels since May.
The September opening range is taking shape as the price remains within a broader multi-month consolidation. The European Central Bank rate decision and US CPI/PPI headline next week's event risk as markets reassess the relative policy outlook.