EUR/USD consolidates near a fresh high of 1.3643 - FXStreet

Katarzyna Komorowska Independent Analyst

According to FXStreet Chief Analyst Valeria Bednarik, the EUR/USD consolidates near a fresh high of 1.3643, having stalled at the strong resistance level but maintaining the positive mood amid the general dollar weakness.

Key quotes

"Short term pullbacks found buyers in the 1.3610 level, now immediate short term support."

"The hourly chart shows indicators bouncing higher above their midlines, after correcting overbought readings, while 20 SMA extended its bullish slope and 100 one aims to cross 200 to the upside, all of which supports further gains."

"In the 4 hours chart technical readings present a mild bullish tone, with indicators advancing above their midlines albeit losing some of the upward strength."

"A price acceleration above mentioned high may lead to a test of 1.3680, Fibonacci resistance, while above it stops may get triggered and therefore result in a stronger upward move."

Author

Katarzyna Komorowska

Independent Analyst

Practicing Forex trader with more than 7 years of experience. There is a positive long-term experience of trust management. From 2011 to the present, he has been a full-time analyst, author and expert of the ForTrader.ru magazine.

AUD/USD bounces off multi-month low, nears 0.6900

AUD/USD edges higher toward 0.6900 in the Asian session on Wednesday, recovering some of the previous day’s losses to its lowest level since March as the US Dollar stalls the hot US CPI-inspired rally amid hopes of a US-Iran peace deal. Meanwhile, hawkish comments from FOMC members have almost confirmed another December rate hike, which favors USD bulls and should cap the Aussie.

USD/JPY remains capped below 159.00 amid looming intervention risks

USD/JPY struggles to build on the previous day’s strong gains to a near one-month top as intervention risk supports the Japanese Yen while hopes of a US-Iran peace deal cap the safe-haven US Dollar. That keeps the pair's upside limited below 159.00, for now.

Gold: The $4,000 mark holds the downside, for now

Gold adds to Tuesday’s small pullback and remains close to the key $4,000 mark per troy ounce on Wednesday. The yellow metal’s continuation of the downward trend comes against the backdrop of a robust performance of the US Dollar, rising US Treasury yields across the board and rising bets of extra rate hikes by the Fed.

Crypto Today: Bitcoin, Ethereum and XRP struggle to find footing amid spot ETF outflows

Cryptocurrency prices are broadly consolidating near key lower support levels on Wednesday, led by Bitcoin, hovering around $74,000. Ethereum sits above $2,000 while its upside remains structurally capped. Ripple, meanwhile, holds delicately above $1.00.

Ten questions for China in 2027

2026 has been a year of slowing growth and increasing divergence within China's economy. We saw the gap between external and domestic demand, as well as between the new economy and the old economy, widen significantly. Here, we look ahead to the key questions facing China in 2027.

What the US CPI headline doesn’t tell you about inflation

Brent crude has fallen about a third since mid-October on hopes the Iran war is ending, but diesel, freight and fertiliser costs haven't followed. Those costs reach US consumer prices in stages through 2027 and could keep inflation high after gasoline gets cheaper.