EUR/USD outlook: Holds in extended sideways mode, initial negative signals developing on daily chart

Slobodan Drvenica Windsor Brokers

EUR/USD

Near-term action remains in a directional mode and ranging between converged 55/200DMA’s (1.0831) and 100DMA (1.0871).

Strong rejections in both directions in past few sessions add to neutral stance, with the pair looking for fresh direction signals.

Daily studies are mixed, though 14-d momentum bearish divergence and overbought stochastic seen as warning.

Expect initial bearish signal on break of 1.0831 pivot, which will need a confirmation on extension and close below 10DMA (1.0813).

Conversely, sustained break above 100DMA and Fibo barrier at 1.0883 (61.8% retracement of 1.0981/1.0724) to signal continuation of bull-leg from 1.0724 (Apr 2 low).

Res: 1.0871; 1.0883; 1.0820; 1.0942.
Sup: 1.0852; 1.0831; 1.0813; 1.0800.

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

1. R3 1.0915
2. R2 1.0889
3. R1 1.0874
PP 1.0847
1. S1 1.0833
2. S2 1.0806
3. S3 1.0791

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 holds above 1.1800 after German sentiment data

EUR/USD stays in positive territory above 1.1800 on Monday after the data from Germany highlighted a modest improvement in business sentiment in February. Meanwhile, the US Dollar stays under pressure amid growing unceratinty surrounding the US trade regime, allowing the pair to hold its ground.

GBP/USD rises toward 1.3550 as tariff confusion slams USD

GBP/USD extends the advance toward 1.3550 on Monday. The US Dollar faces intense selling pressure as tariff uncertainty lingers following US President Trump's latest announcement. Traders will take more cues from the broader market sentiment and central bank talks.

Gold climbs above $5,100 on broad USD weakness

Gold sticks to its bullish bias near the monthly above $5,100 on Monday. Renewed trade-war fears, along with rising geopolitical tensions in the Middle East, turn out to be key factors that underpin the safe-haven precious metal and validate the constructive outlook.

Cardano braces for impact as US tariff storm brews

Cardano is down 4% at press time on Monday, entering its third consecutive day of decline. Bearish bias in Cardano’s derivatives market positional buildup aligns with rising pressure on the broader cryptocurrencymarket amid US President Donald Trump's reassessment of global tariffs and domestic conflict with the US Supreme Court.

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.