EUR/USD Current price: 1.0392
- The 10-year Treasury bond yield stands at its highest since last May.
- Most financial markets will remain closed for at least until Thursday.
- EUR/USD trades in a tight range, but the risk remains skewed to the downside.
The EUR/USD pair hovers around the 1.0400 mark, confined to a tight intraday day on Christmas Day. Most major financial markets are closed, with activity resuming on Thursday and, in some cases, on Friday.
European markets are closed, while United States (US) ones will open, but are due to an early close. The country may publish some minor data, which is quite unlikely to trigger a market’s reaction.
As investors gear up for holidays, there's no action either among stocks. Wall Street’s futures are unchanged following a positive close on Monday. In the meantime, government bond yields consolidate gains, with the 10-year Treasury note offering 4.60%, its highest since last May.
EUR/USD short-term technical outlook
The technical picture suggests EUR/USD would maintain the negative bias heading into the year-end, as the pair keeps developing below all its moving averages. A mildly bearish 20 Simple Moving Average (SMA) heads lower above the current level yet below bearish 100 and 200 SMAs. Technical indicators, in the meantime, maintain modest downward slopes within negative levels.
The near-term picture also skews the risk to the downside. The EUR/USD pair is currently a handful of pips below a flat 20 SMA, while the 100 and 200 SMAs gain downward traction far above the shorter one. At the same time, technical indicators head marginally lower with uneven strength but still in line with the prevalent selling pressure.
Support levels: 1.0370 1.0330 1.0290
Resistance levels: 1.0410 1.0445 1.0490
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

Gold retreats from record highs at $3,220 ahead of US data
Gold price is retreating from fresh all-time highs of $3,220 in early Europe on Friday. The US Dollar downward spiral and escalating trade war between the United States and China continue to underpin the safe-haven appeal of Gold price. US PPI inflation data and tariff updates remain on tap.

GBP/USD holds gains near 1.3000 after UK data
GBP/USD is paring back gains to near 1.3000 in Friday’s early European session. The pair stays firm as the US Dollar loses ground amid lingering concerns over US economic growth and US-China trade war. Upbeat UK economic data fail to impress the Pound Sterling.

EUR/USD consolidates weekly gains near 1.1250 ahead of Lagarde's speech
EUR/USD is consolidating the uptick to three-year highs of 1.1385 in Friday's European session. The pait stays supported amid easing US-EU trade tensions and broad US Dollar weakness. Tarff talks will be closely eyed alongside Lagarde's speech and US data.

Bitcoin, Ethereum and Ripple show weakness while XRP stabilizes
Bitcoin and Ethereum prices are hovering around $80,000 and $1,500 on Friday after facing rejection from their respective key levels, indicating signs of weakness. Meanwhile, Ripple broke and found support around its critical level; maintenance suggests a recovery on the cards.

Trump’s tariff pause sparks rally – What comes next?
Markets staged a dramatic reversal Wednesday, led by a 12% surge in the Nasdaq and strong gains across major indices, following President Trump’s unexpected decision to pause tariff escalation for non-retaliating trade partners.

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.