Uploaded August 2026 | Updated September 2026, 2 weeks ago
EUR/USD stalled beneath the year's heaviest resistance cluster after a four-week rally, slipping back under its 52-week moving average.
Michael Boutros, Senior Market Analyst at StoneX, walks through the euro against the U.S. dollar across the weekly, daily, and four-hour charts, and explains where the pullback structure holds or fails.
The rally that lifted EUR/USD more than 3.4% off the yearly low broke through the 52-week moving average before fading into the year's most crowded resistance zone, and price has now slipped back below it. The ascending channel off last month's low remains intact on the daily chart, while momentum has ducked back below the midline on shorter time frames, leaving the January low as the line separating a routine retracement from a failed breakout. Attention turns to the Jackson Hole Economic Symposium, eurozone inflation data at the start of next week, and the ADP employment report and nonfarm payrolls that follow.
Discover Actionable Insights with the latest Market Outlook Reports: intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share
00:00 - Four-Week Euro Streak Breaks
00:44 - Weekly Chart Loses Its Line
01:08 - Daily Channel Under Pressure
02:02 - Four-Hour Structure Cracks
03:13 - Jackson Hole Shifts the Focus
03:42 - Payrolls Week Raises Stakes
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#EURUSD #StoneX #MichaelBoutros #Forex
*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
EUR/USD stalled beneath the year's heaviest resistance cluster after a four-week rally, slipping back under its 52-week moving average.
Michael Boutros, Senior Market Analyst at StoneX, walks through the euro against the U.S. dollar across the weekly, daily, and four-hour charts, and explains where the pullback structure holds or fails.
The rally that lifted EUR/USD more than 3.4% off the yearly low broke through the 52-week moving average before fading into the year's most crowded resistance zone, and price has now slipped back below it. The ascending channel off last month's low remains intact on the daily chart, while momentum has ducked back below the midline on shorter time frames, leaving the January low as the line separating a routine retracement from a failed breakout. Attention turns to the Jackson Hole Economic Symposium, eurozone inflation data at the start of next week, and the ADP employment report and nonfarm payrolls that follow.
Discover Actionable Insights with the latest Market Outlook Reports: intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share
00:00 - Four-Week Euro Streak Breaks
00:44 - Weekly Chart Loses Its Line
01:08 - Daily Channel Under Pressure
02:02 - Four-Hour Structure Cracks
03:13 - Jackson Hole Shifts the Focus
03:42 - Payrolls Week Raises Stakes
Like and subscribe for more financial market insights.
#EURUSD #StoneX #MichaelBoutros #Forex
*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
