EUR/USD finds rejection just above the 1.1800 mark. After Powell’s speech on Friday, the pair found traction and jumped to a key zone of 1.1800. German inflation is the key data ahead under focus. Today, US home sales data may provide some impetus to the market. The EUR/USD forecast is neutral to bearish as the pair found some selling and is retracing back below the 1.1800 mark. Although Powell led gains are still preserved. –Are you interested to learn more about ECN brokers? Check our detailed guide- Despite the recent uptrend in the Euro, it appears that the EUR/USD pair has hit a fairly moderate threshold near 1.1800. The EUR / USD pair is contributing to modest gains on Friday, though a convincing move north of 1.1800 does not seem likely at the moment. After Powell’s low-key speech at an event in Jackson Hole on Friday, spot and the rest of the risk-centric currencies gained traction, flirting just above 1.18 for the first time since early August. Last week, the pair had an “outside day”, which allowed the rebound from lower lows in 2021 around 1.1660 on Aug 20 to continue. Get FREE Forex Signals Now! The publication of data on Germany’s inflation for the current month will be the focus in Germany. At the start of the session, business confidence in Spain fell by 0.1% in August, retail sales grew by 0.1% m/m, and CPI rose by 0.4% m/m and 3.3% y/y. In the wider Euro area, final consumer confidence fell to -5.3, while economic sentiment fell to 117.5, according to the European Commission (EC). As a result, the preliminary CPI will be in the spotlight later this week in Germany. The US weekly calendar will be improved by pending home sales and the Dallas Federal Reserve Index. –Are you interested to learn more about making money in forex? Check our detailed guide- EUR/USD price technical forecast: 1.1800 resisting gains EUR/USD 4-hour chart forecast The EUR/USD pair managed to move beyond the 200-period SMA on the 4-hour chart. The pair hit the daily highs above 1.1800. However, the pair could not sustain the gains and looks weak to follow through the upside momentum. The bearish volume is slowly emerging while the 40% average daily range is complete so far. The market is rangebound today and lacks any impetus. On the downside, the 1.1750 support may hamper the downside ahead of 1.1700. On the upside, 1.180, today’s high, may resist gains ahead of 1.1835. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal EUR/USD Daily share Read Next Shiba Inu Plunges to $0.0000068 (Losing -3.22%) – Buy Cheap Now. Ali B. 1 year EUR/USD finds rejection just above the 1.1800 mark. After Powell's speech on Friday, the pair found traction and jumped to a key zone of 1.1800. German inflation is the key data ahead under focus. Today, US home sales data may provide some impetus to the market. The EUR/USD forecast is neutral to bearish as the pair found some selling and is retracing back below the 1.1800 mark. Although Powell led gains are still preserved. –Are you interested to learn more about ECN brokers? Check our detailed guide- Despite the recent uptrend in the Euro, it appears that the EUR/USD pair… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.