Key highlights
- EUR/USD started a fresh increase above the 1.1250 resistance.
- A short-term bullish trend line is forming with support at 1.1345 on the 4-hour chart.
EUR/USD technical analysis
Looking at the 4-hour chart, the pair settled well above the 1.1320 level, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). There is also a short-term bullish trend line forming with support at 1.1345.
If there is a fresh increase, the pair could face resistance near the 1.1420 level. The next major resistance is near the 1.1450 level. The main resistance is now forming near the 1.1500 zone.
A close above the 1.1500 level could set the tone for another increase. In the stated case, the pair could even clear the 1.1550 resistance. On the downside, immediate support sits near the 1.1435 level and the trend line.
The next key support sits near the 1.1280 level. Any more losses could send the pair toward the 1.1220 level, where the bulls might take a stand.
Titan FX is registered and regulated in New Zealand under FSP388647. Our global headquarters and operational hub is located in Auckland, New Zealand.
Recommended Content
Editors’ Picks
AUD/USD: Formidable resistance sits above 0.6500
AUD/USD reversed part of Tuesday’s pronounced recovery, coming under renewed downside pressure on the back of the late rebound in the US Dollar. The move higher in the Greenback was propped up by prospects of further progress on the trad front, while speculation kept pointing to a later-than-expected Fed rate cuts.
EUR/USD: Another drop to 1.1060 is not ruled out
EUR/USD rapidly faded its initial move to weekly highs around the 1.1270 zone on Wednesday, refocusing on the downside and approaching the 1.1160 region toward the closing bell on Wall Street. The pair’s pullback came on the back of the firm tone in the Greenback, which managed to regain balance and reverse initial losses, all ahead of Thursday’s release of US Retail Sales and the speech by the Fed’s Powell.
Gold looks consolidative below 3,200
Gold appears to have entered a brief consolidation phase below the $3,200 mark per troy ounce on Wednesday, following an earlier drop to five-week lows. The retreat came as investors continued to rotate out of the safe-haven asset, with growing optimism over trade developments driving steady selling in the metal.
$100M DeFi Development funding sends Solana price above 73-day resistance
Solana price surged past $184 on Wednesday, marking a 25% gain in May. The rally follows a fresh capital injection by DeFi Development, reaffirming institutional confidence in Solana’s blockchain ecosystem amid favorable macroeconomic signals.
US-China trade truce only emphasizes timeless investing truths
Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity. But it wasn’t the fine print that moved markets—it was the mood shift. Investors rushed back into risk assets, betting that the worst might be behind us.
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.