EUR/USD Price Hinges on Clearing Key Resistance Ahead of September ECB Rate Decision

The EUR/USD price is currently trading at 1.1536 after a marginal increase of 0.18% in the European session on Wednesday.

This gain comes despite four failed attempts to break through resistance, which is capped by the 100-day simple moving average (SMA) at 1.1570.

The eurozone's GDP grew 0.4% in Q2, its fastest pace since early 2025, and this data-driven rally has been driven by central bank hawkishness rather than American weakness.

A break above 1.1620 would target 1.1712, while a loss of 1.1513 opens the 1.1440-1460 zone.