EURUSD leaves no doubts and breaks the 1.208

Tomasz Wisniewski Axiory Global Ltd.

The last time, we were writing about the EURUSD on the 4^th of January, when the price was close to the ultra important resistance on the 1.208 and there was a chance for a bigger bearish correction. Back in that time, we wrote:

“Long-term sentiment for the EURUSD definitely stays positive but we have to be aware of a possible correction, especially that: 1) the place is good to sell now and 2) we are after a very strong upswing (360 pips in few weeks). All that together allows us to be slightly more bearish for the EURUSD in the short-term. “

That was a good call, because after this, the price wet significantly lower and made a nice 140 pips correction. It was shaped as a flag and ended last Thursday. The price broke the upper line of this formation and by doing that, came back into a buying mode. After this, all eyes were on the Fridays macro data from the US. Traders were not very impressed with the better CPI data though. Actually, important decisions were made much earlier and the direction was set before the new data hit the screens. EURUSD is now giving a very strong buy signal, after the price broke this crucial resistance on the 1.208 (yellow). As a reminder: that was an area, which was used as a support in the 2012 and as a resistance in the 2017, so importance of that level was pretty obvious.

Worth mentioning is the fact that the last few weeks on the main pair were very technical. The price was climbing up, making higher highs and lows and created five flags in a row (together with the latest one, mentioned above). As for the current sentiment, we are again seeing a potential for another bearish correction. We are already around 130 pips above the 1.208 and it would be nice to test it as a closest support. Long-term situation does not change, it looks all good for the buyers.

Author

Tomasz Wisniewski

Axiory Global Ltd.

Tomasz was born in Warsaw, Poland on 25th October, 1985.

EUR/USD consolidates around 1.0900, bullish bias remains ahead of key US data

The EUR/USD pair is seen consolidating its strong gains registered over the past two days and oscillating in a narrow band during the Asian session on Tuesday. Spot prices currently trade around the 1.1900 mark, just below an over one-week high touched the previous day.

GBP/USD tilts bullish as markets barrel toward mid-week NFP print

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300.

Gold: Will US Retail Sales data propel it above $5,100?

Gold hovers below weekly highs of $5,087 early Tuesday, await US Retail Sales data. The US Dollar enters a downside consolidation phase amid persistent Japanese Yen strength and worsening labor market. Gold settled Monday above $5,000, now looks to take out $5,100 amid bullish daily RSI.

Top Crypto Gainers: World Liberty Financial, MemeCore and Quant gain momentum

World Liberty Financial, MemeCore, and Quant are leading gains over the last 24 hours as the broader cryptocurrency market stabilizes after last week’s correction. Still, the technical outlook for altcoins remains mixed due to prevailing downside pressure and vulnerable market sentiment.

The market is buying everything again but is it dancing on a borrowed floor

The market has a short memory and a fast trigger finger. Last week’s liquidation barely cooled before risk came roaring back, pushing the S&P toward record territory and reinstalling Big Tech as the engine of choice. This is not discovery. It is re exposure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.