EURUSD: BUY 1.1690, SL 1.1610, TP 1.1790 | 01 September 2025

Event to pay attention to today:

15:30 EET. USD - Core PCE Price Index

17:00 EET. USD - UoM Consumer Sentiment

EURUSD:

EUR/USD is losing ground after three days of decline, trading around 1.1660 during Asian hours on Friday.

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The EUR/USD pair is depreciating amid a recovery in the US dollar (USD) due to US economic growth in the second quarter. Annual gross domestic product (GDP) in the US grew by 3.3% in the second quarter, exceeding initial estimates of 3.1% and the previous 3.0%.

However, the US dollar may face difficulties amid renewed dovish sentiment regarding the prospects for Federal Reserve (Fed). According to Reuters, Fed member Christopher Waller said on Thursday that he would support lowering interest rates at the September meeting and further cuts over the next three to six months to prevent a collapse in the labor market.

Concerns about the Fed's independence have intensified following recent statements by US Vice President Jay D. Vance. He noted: "I don't think we should allow bureaucrats to make decisions about monetary policy and interest rates without taking into account the opinions of people who were elected to serve the American people... The US president is much better equipped to make such decisions."

Trade recommendation: BUY 1.1690, SL 1.1610, TP 1.1790

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