Market Analysis
EURUSD weekly: euro drops 111 pips to 1.14817, 2026-09-14
EURUSD gave up 111 pips over the week of 14 September 2026, with the whole loss landing in a single Wednesday session that broke 1.1500.
4 min readBTCUSD opened Monday last week at 63,691 and closed Friday at 63,851, a net move of roughly 160 points higher across the week. The path was not straight. Price bottomed at 61,747 on Monday, then ran to a Wednesday high of 65,519 before sellers took control into the back half of the week. The Wednesday rejection near 65,500 set the tone for the pullback that followed.
The single biggest scheduled event is the European Central Bank decision on Thursday, 2026-07-23. The Main Refinancing Rate is forecast to hold at 2.40%, matching the previous 2.40%, with the Monetary Policy Statement at 12:15 and the ECB Press Conference at 12:45. A hold is expected, so the tone of the press conference carries the risk. Shifts in dollar and risk sentiment around that event tend to bleed into crypto liquidity.
The secondary themes cluster around inflation and jobs. UK CPI y/y lands Wednesday, 2026-07-22 at 06:00, forecast at 2.7% versus 2.8% previous. Canadian CPI m/m hits Monday, 2026-07-20 at 12:30, forecast at -0.2% against a prior 1.0%. Australian Employment Change follows Thursday, 2026-07-23 at 01:30, forecast at 15.2K after a prior 40.3K. New Zealand CPI q/q on Monday at 22:45 is forecast at 1.5%. Each of these moves the dollar and broad risk appetite, and Bitcoin often tracks that appetite more than any single crypto-specific catalyst. Open an LHFX account to trade BTCUSD this week.
If the ECB press conference reads more hawkish than the hold implies and the dollar firms, risk assets often come under pressure, and a break back below last week's Friday close near 63,851 puts the Monday low at 61,747 back in focus. If the tone reads dovish and risk appetite improves, a push back toward last week's 65,519 high becomes the obvious test. On the UK CPI print Wednesday, a hotter than forecast number can lift the pound and drag on the dollar, which has historically given crypto and correlated risk names room to breathe. A cooler print does the reverse. Traders watching correlated moves may also track Ethereum, which tends to amplify Bitcoin's direction.
LHFX client positioning shows 53.4% long against 46.6% short as of 2026-07-20. That is a mild long skew, not a crowded one. It tells you consensus leans slightly toward further upside, but there is no strong conviction bias going into the new week. A near-balanced book like this leaves room for price to move in either direction without forcing a large cohort to unwind.
Last week's high at 65,519 is the upper reference. A sustained move above it early in the week reopens the ground sellers defended on Wednesday. Last week's low at 61,747 is the lower reference. A close beneath it shifts attention to the round 60,000 area. The Friday close near 63,851 sits in the middle and acts as a pivot for the open. These are reference levels for framing price action, not entry signals.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
