EUR/USD Price Forecast: Stabilizing around 1.1800

Valeria Bednarik FXStreet

EUR/USD Current price: 1.1795

The US Bureau of Labor Statistics suspended the release of employment-related data this week.
The positive tone of global equities hints at a better market mood.
EUR/USD loses its bearish momentum, but a recovery is still unclear.

The EUR/USD pair is under modest selling pressure on Tuesday, trading below the 1.1800 threshold and near its weekly low of 1.1776.

Meanwhile, a partial United States (US) government shutdown entered its fourth day on Tuesday due to a lack of funding amid yet another political battle over the budget. Democrats demand immigration reforms as part of any funding deal, which opposes President Donald Trump’s aggressive deportation policy.

Senate Democrats and Republicans agreed to a package of five spending bills last week, but pared one bill on full fiscal year funding for the Department of Homeland Security (DHS).

An agreement is due shortly, but as a result of this partial shutdown, the Bureau of Labor Statistics (BLS) announced that it will interrupt reporting on Monday. As a result, the JOLTS Job Openings report, weekly unemployment figures, and the January Nonfarm Payrolls (NFP) report will not be published this week.

The European macroeconomic calendar had nothing relevant to offer, leaving EUR/USD trading alongside sentiment. The upbeat tone of global indexes suggests market players are optimistic, limiting the US Dollar (USD) advance and keeping Gold below the $5,000 mark.

EUR/USD short-term technical outlook

In the 4-hour chart, EUR/USD is at risk of falling further, although the downward momentum faded. The pair is stable below a bearish 20-period Simple Moving Average (SMA), while above the 100 and 200 SMAs. The shorter SMA provides resistance at 1.1869, while the 100 SMA at 1.1764 offers support. At the same time, the Momentum indicator turned marginally lower within negative levels, while the Relative Strength Index (RSI) sits at 38, ticking marginally higher, offering no hints on the next directional move.

In the daily chart, EUR/USD keeps trading above all its moving averages, with the 20-day SMA advancing above the 100- and 200-day SMAs, highlighting a mid-term bullish bias. The 20-day SMA at 1.1750 offers nearby dynamic support. Finally, the Momentum indicator holds above its midline while the RSI indicator sits at 52, tilting modestly to the upside, yet not enough to suggest buyers recovered control.

(The technical analysis of this story was written with the help of an AI tool.)

Author

Valeria Bednarik

FXStreet

Valeria Bednarik was born and lives in Buenos Aires, Argentina. Her passion for math and numbers pushed her into studying economics in her younger years.

AUD/USD keeps range near mid-0.7100s as USD bulls await US CPI

AUD/USD steadies near mid-0.7100s in the Asian session on Friday, stalling the previous day's sharp decline to an over one-week low. The August PPI report reaffirmed Fed rate-hike bets and boosted the US Dollar on Thursday, which weighed heavily on the pair. However, hawkish RBA expectations limited losses for the Aussie as USD bulls now await the release of the US consumer inflation figures before placing fresh bets.

USD/JPY holds lower ground toward 154.00; looks to US CPI

USD/JPY holds lower ground toward 154.00 in the Asian session on Friday after hot Japanese PPI data bolster a more hawkish BoJ repricing and provide fresh impetus to the Japanese Yen. However, the downside appears capped as the US Dollar preserves overnight gains ahead of the latest US consumer inflation data.

Gold: Gains remain capped by $4,400

Gold regains composure and trades with decent gains on Friday, managing to refocus attention on the $4,440 mark per ounce troy. Therefore, the precious metal reverses Thursday’s decline as the US Dollar alternates gains with losses at the end of the week.

Ripple Price Forecast: XRP extends decline as returning ETF inflows fail to lift outlook

Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.

Weekly focus – The hawks set the tone

Risky assets came under pressure this week as energy prices kept creeping higher and the ECB surprised the markets with a hawkish tone. The price of Brent crude touched USD 110 per barrel on Thursday night, highest since mid-May, as news emerged that the Yemeni Houthis had reached control of key port cities and islands near the Bab el-Mandeb strait.

Venezuela’s 65-billion-barrel Oil deal could reshape America’s inflation fight

The United States (US) has secured unprecedented access to part of Venezuela’s vast Oil reserves. The timing is particularly significant as the war with Iran is disrupting Middle Eastern supplies, keeping energy prices elevated and reviving concerns about inflation.