EURUSD Analysis 22 – SEPTEMBER – 2025

The EUR/USD is trading on the back foot as the U.S. Dollar continues to find support following the Federal Reserve’s less- dovish-than-expected policy meeting last week. While the medium-term outlook is still influenced by the policy divergence between an easing Fed and a more neutral ECB, the immediate bullish momentum for the Euro has stalled. The market appears to be in a consolidation phase, awaiting fresh catalysts, with speeches from Fed officials and key flash PMI data later this week likely to provide the next directional cues.