EUR/USD: Additional losses are likely in case 1.1300 turns into resistance

FXStreet Insights Team FXStreet

EUR/USD suffered heavy losses late Friday and has started the new week on the back foot. The pair could extend its slide if the 1.1300 support fails, FXStreet’s Eren Sengezer reports.

Focus shifts to ECB President Christine Lagarde's speech

“Later in the session, European Central Bank President Christine Lagarde will deliver a speech. In case Lagarde sounds less hawkish than she did at the ECB's press conference on February 7, the pair could face additional bearish pressure.”

“On the downside, 1.1300 (psychological level, Fibonacci 50% retracement of the latest uptrend) aligns as the first support. In case this level turns into resistance, the next bearish target aligns at 1.1260 (Fibonacci 61.8% retracement).”

“The first technical hurdle is located at 1.1320 (100-period SMA) before 1.1340 (200-period SMA, Fibonacci 38.2% retracement) and 1.1370 (Fibonacci 23.6% retracement).”

See: EUR/USD to slide towards 1.1250/00 on a break below 1.13 – ING

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD ticks higher to near 1.1800 ahead of German inflation data

EUR/USD trades marginally higher to near 1.1800 in the European session on Friday, helped by renewed US Dollar weakness. Attention now turns toward the release of the preliminary inflation data for February from Germany and its major states during the day.

GBP/USD struggles near 1.3500 amid UK political drama, BoE easing bias

GBP/USD struggles to build on the overnight modest bounce from the weekly low and oscillates in a narrow band near 1.3500 in European trading on Friday. The Gorton and Denton by-election, held on February 26, has become a focal point of political drama in the UK, along with the Bank of England (BoE) easing expectations, acts as a headwind for the British Pound and the GBP/USD pair.

Gold sticks to positive bias as safe-haven demand persists; $5,200 holds the key for bulls

Gold trades with positive bias for the third straight day on Friday, with bulls still awaiting sustained strength and acceptance above the $5,200 mark before positioning for any further gains. Geopolitical risks remain in play amid a large US naval and air power buildup in the Middle East.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.