EUR/USD

The Euro extended weakness on Friday, following strong upside rejection and subsequent fall, driven by risk aversion on Thursday.
Fresh bears face headwinds at 1.1268/57 zone (converged 10/20/30DMA) and pausing here in early European trading, but technical signals continue to point lower.
Thursday's bull-trap above 1.1362 Fibo barrier (76.4%) and bearish daily candle with long upper shadow weighs, along with south-heading daily momentum and stochastic, however, fundamentals are expected to continue to heavily influence risk sentiment and define near-term direction. Bearish scenario requires break and close below 1.1268/57 pivots to further weaken near-term structure and expose lower targets at 1.1220/00. Conversely, cautious longs for possible renewed attack at cracked 1.1362 Fibo barrier could be favored while 1.1268/57 supports hold.

Res: 1.1295; 1.1325; 1.1348; 1.1370
Sup: 1.1265; 1.1254; 1.1220; 1.1200

EURUSD

 

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

    1. R3 1.1434
    2. R2 1.1402
    3. R1 1.1344
  1. PP 1.1312
    1. S1 1.1253
    2. S2 1.1222
    3. S3 1.1163

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.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

AUD/USD battles 0.7700 amid covid, stimulus woes-led risk-aversion

AUD/USD holds the lower ground, testing the 0.7700 level amid broad risk-aversion that has triggered a bounce in the safe-haven US dollar. Uncertainty over the US stimulus, worries over new covid strain and lockdowns weigh on the risk appetite. 

AUD/USD News

GBP/USD pressured towards 1.3650 amid risk-off, ahead of UK jobs

GBP/USD remains depressed, heading towards 1.3650. The cable responds to the fresh risk-off mood after flashing a two-day losing streak. UK virus data suggests an improvement in covid conditions, Health Secretary Matt Hancock gives credits to activity restriction measures.

GBP/USD News

Gold: Bulls target daily extension

Gold is on the verge of an upside extension on a break of weekly resistance. XAU/USD is making progress with respect to the bullish market structure following a period of consolidation in recovery of the daily correction.

Gold news

Ripple is South Korea’s most popular cryptocurrency, but XRP price stays pressured

XRP/USD bounces off intraday low of 0.2647, stays below 21-day SMA for fifth day. As per the latest report from Messari, Bitcoin and Ripple are the most popular cryptocurrencies in South Korea.

Read more

US Dollar Index: A breach of 90.00 exposes 2021 lows at 89.20

The inability of USD-bulls to push further north of recent tops in the 91.00 region in past sessions prompted sellers to return to the markts and shifted the attention to the potential continuation of the downtrend.

US Dollar Index News

Forex Majors

Cryptocurrencies

Signatures