Slobodan Drvenica
Windsor Brokers
EURUSD ticked higher from three-week low (1.1056) in the US session on Tuesday but remains firmly in red after being deflated by risk aversion on deteriorating geopolitical situation and EU September CPI below target, fueling expectations for another ECB rate cut.
Bears faced headwinds after US data weakened dollar when the price approached strong technical support at 1.1032 (top of rising daily cloud).
A number of key US economic data, due this week, is expected to provide fresh direction signals, along with persisting geopolitical factor, though the pair has established in fresh downward trajectory and pressure key supports at 1.1032/00 (cloud top / psychological / Fibo 38.2% of 1.0666/1.1214 rally/ short-term range floor).
Res: 1.1107; 1.1140; 1.1181; 1.1200.
Sup: 1.1032; 1.1000; 1.0940; 1.0924.
Interested in EUR/USD technicals? Check out the key levels
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks
AUD/USD gathers strength above 0.6400 amid optimism in US-China trade talks
AUD/USD edges higher to around 0.6420 during the early Asian session on Monday. Optimism in US-China trade negotiations in Geneva, Switzerland, boosts the Australian Dollar against the Greenback. Traders will keep an eye on positive developments that could support the China-proxy Aussie.
USD/JPY rises to over one-month high on US-China trade deal optimism
USD/JPY touches over a one-month high at the start of a new week in reaction to a US-China trade deal. Meanwhile, trade optimism helps ease concerns about a recession in the US. Moreover, the Fed's hawkish pause provides a goodish lift to the USD and further supports the currency pair.
Gold tumbles below $3,300 on progress in US-China trade talks
Gold price attracts some sellers to near $3,275 during the early Asian session on Monday, pressured by a stronger US Dollar. Optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower.
Week ahead: All eyes on US CPI and trade talks amid no end to tariff uncertainty
US CPI report takes centre stage to gauge tariff impact. Progress in trade negotiations will also be watched, especially with China. US Retail Sales, UK and Japanese GDP on the agenda too.
Why the UK-US trade deal won’t herald a wider tariff climbdown
For Britain, the UK-US deal secures lower tariffs without compromising forthcoming UK-EU talks. And for the US, it signals to investors that the administration is prepared to be flexible on tariffs. But we're sceptical that the deal will translate into a much wider de-escalation in US tariff policy.
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.