EUR/USD: Is this the uy signal we have been waiting for? [Video]

Richard Perry Independent Analyst

EUR/USD

We have been looking for a euro technical rally for several sessions and finally, there was some kind of pressure release for the oversold position on EUR/USD. A strong positive candle added +60 pips and broke the sequence of selling pressure. Is this the buy signal we have been waiting for? It is too early to say. A two and a half week downtrend may have been broken, but aside from RSI above 30 (the most basic of buy signals on momentum) there is little confirmation yet. There need to be bull crosses confirmed on MACD and Stochastics, which is not the case so far. Today’s corrective slip back now needs to build support this morning, for a higher low (ideally above $1.0800) to help develop the support at $1.0775. The hourly chart shows how the resistance of an old low was a barrier on Friday at $1.0865, and this will now become a key resistance in the coming days if a rally is to take hold. Trading back above $1.0825 (the original resistance for a recovery) will improve again, whilst $1.0840 (overnight high) is also a level to watch. EUR/USD looks as though it could be a market in transition, but far more needs to seen first. Above $1.0865/$1.0875 opens $1.0980.

Author

Richard Perry

Independent Analyst

EUR/USD clings to daily gains above 1.1700, focus on WEF

EUR/USD is extending its weekly recovery for yet another day, trading beyond 1.1700 the figure on Wednesday, always on the back of the continuation of the renewed selling pressure on the US Dollar. Attention now turns to President Trump, who is due to speak at the WEF, an event that could offer some fresh clues on how EU-US relations might evolve from here.

GBP/USD meets some support near 1.3400

GBP/USD is finding it hard to extend its weekly advance, slipping back towards the 1.3400 area on Wednesday despite the slight decline in the Greenback. Earlier in the session, UK data showed annual headline CPI inflation ticking higher in the last month of 2025.

Gold: Next on tap $5,000?

Gold pushed its remarkable rally to a fresh all-time high near the $4,900 mark per troy ounce earlier on Wednesday. Risk appetite remains fragile as investors stay on edge ahead of President Trump’s speech at Davos, with EU–US tensions still simmering over the Greenland issue.

When is the US President Trump’s speech at WEF in Davos and how could it affect EUR/USD

United States (US) President Donald Trump is scheduled to deliver his speech at the World Economic Forum (WEF) in Davos after 13:00 GMT. Trump’s trip to Davos was delayed as Air Force One was forced to turn around due to a "minor electrical issue".

Greenland tariffs: What happened, and how to position for the new Europe risk premium

Over the weekend, President Trump threatened a new round of tariffs on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the UK, with reporting flagging 10% from February 1 and a possible step-up later.

BNB Price Forecast: BNB loses strength as crypto market drops

BNB (formerly Binance Coin) loses ground as the broader cryptocurrency market falls, recording a 1% drop at the time of writing on Wednesday. Retail interest in the exchange token is declining, as evidenced by the massive wipeout of long positions and a decline in futures Open Interest.