EUR/USD breaks below 1.1400-1.1800 range due to policy divergence
The EUR/USD has fallen below its long-held range of 1.1400-1.1800.
This decline is driven by diverging ECB and Fed policy expectations.
The pair has now broken out of its trading range, providing a bearish technical signal.
The ECB is expected to hike rates one more time in September, while the Fed is priced for multiple hikes.