EUR/USD May Extend Gains in September Amid Volatility

The EUR/USD currency pair has seen an impressive run in recent months, and September may be no exception. Historically, September has been the second-strongest month for EUR/USD performance, with an average return of +0.6% over the last 50+ years.

Last month, EUR/USD bucked its seasonal weakness to rise 0.7%, but finished well off its intra-month highs. With potential interest rate hikes from both the ECB and Fed pending on NFP and CPI data, the pair is likely to see significant volatility in September.

While September has been a relatively strong month for EUR/USD, it's essential to remember that past performance is not necessarily indicative of future results. Traders should complement seasonal analysis with alternative forms of analysis to create a long-term successful trading strategy.