EUR/USD outlook: Bearish bias remains below broken Fibo support at 1.2173

Slobodan Drvenica Windsor Brokers

EUR/USD

The Euro stays in red on Friday and pressures new one-month low as bears regain traction after Thursday's hesitation, expressed by daily Doji candle.
The action remains under broken Fibo level (1.2173, 23.6% of 1.1602/1.2349) that keeps near-term bias with bears.
Rising bearish momentum on daily chart and multiple bear-crosses of daily moving averages add to negative tone.
Bears eye key Fibo support at 1.2064 (38.2% of 1.1602/1.2349) break of which would generate reversal signal and expose targets at 1.2000/1.1975 (psychological/50% retracement). The pair is on track for bearish weekly close, with close below 1.2173 pivot to generate reversal signal on weekly chart and increase downside pressure.

Res: 1.2162; 1.2173; 1.2189; 1.2220
Sup: 1.2110; 1.2064; 1.2000; 1.1975

Interested in EUR/USD technicals? Check out the key levels

1. R3 1.2259
2. R2 1.2219
3. R1 1.2192
PP 1.2151
1. S1 1.2124
2. S2 1.2084
3. S3 1.2056

Author

Slobodan Drvenica

Windsor Brokers

Industry veteran with over 22 years’ experience, Slobodan Drvenica joined Windsor Brokers in 1995 when he was an active trader for more than 10 years, managing the trading desk and own account departments.

EUR/USD regains balance, targets 1.1800

EUR/USD has lost a bit of momentum after its earlier push higher and is now attempting to reclaim the key 1.1800 barrier on Monday. In the meantime, investors remain focused on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.

GBP/USD recedes from tops, back to 1.3500

GBP/USD is extending its move higher on Monday, meeting some resistance around 1.3530 on the back of the widespread bearish tone in the US Dollar amid ongoing uncertainty around tariffs. For now, traders are watching overall risk sentiment and central bank rhetoric for the next directional cue.

Gold advances to four-week highs, focus is on $5,200

Gold is holding onto its bullish tone on Monday, hovering near monthly highs well above the $5,100 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Crypto Today: Bitcoin, Ethereum, XRP intensify sell-off as tariff uncertainty weighs

Bitcoin, Ethereum and Ripple are trading amid increasing selling pressure at the time of writing on Monday, as investors react to fresh trade uncertainty over US President Donald Trump’s push for more tariffs.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

Top Crypto Losers: Zcash, Pump.fun, and LayerZero extended losses as Bitcoin loses $65,000

The cryptocurrency market starts the week in panic mode, with altcoins Zcash, Pump.fun, and LayerZero. Bitcoin falls below $65,000 as the US President Donald Trump regroups amid renewed trade policy risks.