Barclays(US:BCS) Jin Tou Wang·2025-08-26 05:21Group 1 - The euro against the US dollar has risen to around 1.16, with a current quote of 1.1628, reflecting a 0.11% increase from the previous closing of 1.1615 [1] - Barclays has revised its prediction for the European Central Bank (ECB) to potentially cut interest rates in December instead of September, due to weak economic activity in the second half of the year [1] - The economist Mariano Sinha from Barclays noted that trade policy issues and the impact of early imports from the US have contributed to this economic slowdown [1] Group 2 - Barclays expects clearer signals regarding trade headwinds by December, which may alleviate concerns about inflation due to supply chain disruptions [1] - Confidence that the fiscal plan for 2026 will not reignite inflationary pressures may support a 25 basis point rate cut [1] - The terminal deposit rate of the ECB is projected to remain at 1.75% by 2026 [1] Group 3 - The resistance levels for the euro against the US dollar are identified at 1.1788 (July 24 high), 1.1830 (yearly high on July 1), and 1.1909 (September 3, 2021 high) [2] - Initial support levels are at the 100-day simple moving average of 1.1460, followed by the August 1 low of 1.1391 and the weekly low of 1.1210 from May 29 [2] - Momentum indicators show weakening upward momentum, with the Relative Strength Index (RSI) dropping below 52 and the Average Directional Index (ADX) below 12, indicating a lack of market direction [2]