EUR/USD Asia Price Forecast: Euro fragile, approaching 1.0800 figure

EUR/USD is starting the week on the back foot on broad-based USD strength.
EUR/USD is expected to slide lower as the spot remains weak.

Flavio Tosti Independent Analyst

EUR/USD daily chart

Euro/Dollar is trading in a bear trend below the main SMAs on the daily chart. The market started the week on the backfoot failing to capitalize on the small rebound seen in the last two sessions.

EUR/USD four-hour chart

EUR/USD is trading below the main SMAs on the four-hour chart just above the 1.0800 figure as bears remain in control. As the spot is weakening, EUR/USD could continue to slide towards lower levels. On the flip side, resistance can be expected near 1.0852, 1.0879 and 1.0908 levels.

Resistance: 1.0852, 1.0879, 1.0908

Support: 1.0818/1.0800, 1.0780

Additional key levels

EUR/USD

Overview
Today last price	1.0838
Today Daily Change	-0.0002
Today Daily Change %	-0.02
Today daily open	1.084

Trends
Daily SMA20	1.0867
Daily SMA50	1.0955
Daily SMA100	1.0993
Daily SMA200	1.1029

Levels
Previous Daily High	1.0876
Previous Daily Low	1.0815
Previous Weekly High	1.0981
Previous Weekly Low	1.0767
Previous Monthly High	1.1039
Previous Monthly Low	1.0727
Daily Fibonacci 38.2%	1.0853
Daily Fibonacci 61.8%	1.0838
Daily Pivot Point S1	1.0811
Daily Pivot Point S2	1.0783
Daily Pivot Point S3	1.0751
Daily Pivot Point R1	1.0872
Daily Pivot Point R2	1.0904
Daily Pivot Point R3	1.0932

Author

Flavio Tosti

Independent Analyst

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Iran escalation: Quick thoughts on markets

Markets are likely to open the week with risk-off, with declines led by airlines, cyclicals and trade-exposed names, while energy, defense and “strategic” sectors may be relatively steadier.

Oil at a critical breakpoint: Will geopolitics trigger the next major move?

The week ahead blends two powerful forces: moderating economic momentum and increasing geopolitical tension. While US and Eurozone data suggest steady but unspectacular growth, rising friction between the US and Iran is injecting a fresh risk premium into energy markets. Macro is softening but geopolitics may dominate price action.

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.