Slobodan Drvenica
Windsor Brokers
EUR/USD
The Euro keeps firm tone in early Tuesday and pressuring pivotal barriers at 1.0865/88 zone (Fibo 38.2% of 1.1139/1.0695 fall / 55DMA / Feb 22 spike high).
Fresh positive signal on Monday’s close above 200DMA (1.0825) which capped several attacks last week, added strength to recovery leg from 1.0695 (Feb 14 low) which emerged from a bear-trap under 1.0712 Fibo support.
Improving daily studies (positive momentum / MA’s in bullish setup / MA’s in positive setup and formed few bull-crosses) with bulls likely to be attracted by daily Ichimoku cloud twist (due next week).
Sustained break above 1.0865 Fibo barrier to add to reversal signals on daily chart and expose thinning daily cloud (spanned between 1.0898 and 1.0945, guarding resistances at 1.0969 / 1.1000 (Fibo 61.8% / psychological).
Near-term bias is expected to remain with bulls while the price stays above 200DMA.
Fundamentals remain slightly in favor of Euro on ECB / Fed rate outlook, though more details about Fed’s steps in the near future will be known after release of the US PCE data (Fed’s preferred inflation gauge) on Thursday.
Res: 1.0888; 1.0897; 1.0945; 1.0969.
Sup: 1.0845; 1.0825; 1.0800; 1.0762.
Interested in EUR/USD technicals? Check out the key levels
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks
AUD/USD holds below 0.6400 amid signs of easing US-China tensions
The AUD/USD pair trades in negative territory near 0.6390 during the early Asian session on Monday. The US Dollar edges higher against the Aussie amid signs of easing US-China tensions. China will hold a press conference about policies and measures on stabilizing employment and ensuring stable growth on Monday, which will be closely watched by traders.
USD/JPY holds steady above mid-143.00s amid Trump's uncertainty
USD/JPY kicks off the week on a subdued note and consolidates above mid-143.00s amid mixed cues. Investors push back expectations for an immediate BoJ rate hike amid rising economic risks from US tariffs, which acts as a headwind for the JPY and lends support to the pair amid a modest USD uptick.
Gold edges lower to near $3,300 as US-China trade tensions ease
Gold price loses ground to near $3,310 in Monday’s early Asian session, down 0.30% on the day. De-escalating trade tensions between the US and China underpins the Gold price. The fears of the US recession might help limit the Gold’s losses.
Week ahead: US GDP, inflation and jobs in focus amid tariff mess
Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls.
Week ahead: US GDP, inflation and jobs in focus amid tariff mess – BoJ meets
Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.