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 readAs of Wednesday's close, EURUSD trades at 1.14407. That is up from Monday's open at 1.14039, a gain of roughly 37 pips on the week. The high so far printed at 1.14621 during Tuesday's session, and the low sits at 1.13770, also set Tuesday, which means the pair has swung more than 80 pips before settling near the top of the range.
The economic calendar for the front half of this week has been thin, so price action has leaned on flow rather than scheduled data. The clearest external cue came from the PBOC yuan fixing on Wednesday, which landed stronger than the Reuters estimate. A stronger-than-expected fixing tends to take pressure off the dollar's rivals, and the euro used that backdrop to recover Monday's dip and push back toward Tuesday's high.
The bundle carries no scheduled high-impact releases for the back half of this week, so the driver into Thursday and Friday stays flow and headline risk rather than a fixed data point. Watch the daily PBOC fix as a proxy for dollar tone. If the fixing keeps coming in stronger than the Reuters estimate the way it did Wednesday, the euro has room to test the upper edge of its range. If the fix flips and the dollar firms, the recovery off Monday's low is the first thing at risk.
As of Wednesday morning, LHFX client positioning reads 52.1 percent long against 47.9 percent short. That is a slight long lean, close to balanced. Consensus midweek is not committed to either direction, which fits a pair that has traded a wide range and finished near where it started before Tuesday's push higher.
The pair is pressing the 1.14454 to 1.14621 zone that capped it Monday and Tuesday. If buyers hold above 1.1440 and clear 1.14621, the round 1.1500 handle comes into view as the next reference. If price loses 1.1440 and slips back through, Tuesday's 1.13770 low is the level that comes back into play. You can watch the broader dollar picture alongside it, since AUD/USD often moves on the same PBOC cues. If you want these levels mapped on live pricing, open an LHFX account and follow the pair into Thursday.
Byline: LHFX Research
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