The euro has continued to rally against the greenback from the 1 August 2025 low of 1.1392 and broke above its recent 52-week high of 1.1830 printed on 1 July 2025, within its medium-term uptrend phase in place since 13 January 2025The EUR/USD hit a 4-year high of 1.1919 on Wednesday, 17 September, at the onset of the FOMC announcement of a 25 basis points (bps) interest rate cut to bring down the Fed funds rate to 4.00%-4.25%, and the release of the latest summary of economic projections (dot plot) that indicates two more projected interest rate cuts of 25 bps each before 2025 ends.