EUR/USD Outlook: Stronger dollar keeps euro at the back foot in early Tuesday's trading

Slobodan Drvenica Windsor Brokers

EURUSD

The Euro edged lower in early Tuesday's trading, after two-day recovery stalled at 1.1260 zone, just ahead of 1.1263 pivot (Fibo 38.2% of 1.1323/1.1226).
The single currency came under pressure from broadly higher dollar in thin post-holiday trading.
The greenback regained traction after being hit by significant drop in US existing home sales on Monday, with release of US new home sales, being in focus today (Mar -3.0% f/c vs 4.9% prev).
Loss of bullish momentum keeps near-term action in red, but return and close below 20SMA (1.1248) is needed to confirm negative signal for retest of 1.1226 higher base.
Overall negative outlook is expected to persist while the price action holds below 30SMA (1.1276), which guards upper triggers provided by daily cloud base (1.1283) and 55SMA (1.1294).

Res: 1.1263; 1.1276; 1.1283; 1.1294
Sup: 1.1241; 1.1226; 1.1210; 1.1183

Interested in EURUSD technicals? Check out the key levels

1. R3 1.1298
2. R2 1.1281
3. R1 1.1269
PP 1.1252
1. S1 1.124
2. S2 1.1223
3. S3 1.1211

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 climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.