The post Jumps to near four-year high at 1.1920 appeared on BitcoinEthereumNews.com.

The EUR/USD pair is up 0.36% to near 1.1900 during the Asian trading session on Monday. The major currency pair strengthens as the US Dollar (USD) extends last week’s decline amid caution ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.4% lower to near 97.00, the lowest level seen in four months. The US Dollar faces severe selling pressure as concerns over the United States’ (US) long-term trade relations with its trading partners persists despite recent geopolitics and trade tensions between Washington and several European Union (EU) members being resolved. On Wednesday, the Fed will leave interest rates unchanged in the range of 3.50%-3.75%, according to the CME FedWatch tool. This will be the Fed’s first pause after three consecutive interest rate cuts. The Fed reduced borrowing rates by 75 basis points (bps) in late 2025 to support a weak job market. This week, the major trigger for the Euro (EUR) will be the preliminary Q4 Eurozone Gross Domestic Product (GDP) and the German Harmonized Index of Consumer Prices (HICP) data for January. EUR/USD technical analysis EUR/USD trades higher at around 1.1866 as of writing. Price holds above the 20-day Exponential Moving Average (EMA) at 1.1713, maintaining a bullish short-term bias. The 20-day EMA slopes higher, confirming an improving trend structure. The 14-day Relative Strength Index (RSI) at 69.49 sits near overbought, signaling firm momentum. Given momentum running hot, the price is expected to revisit its over four-year high of 1.1919 soon. The asset could discover more upside if it manages to deliver a daily close above the same. On the downside, the 20-day EMA will remain a major support zone for the pair. (The technical analysis of this…

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Filed under: News - @ January 26, 2026 5:17 am