EUR/USD better bid above 1.0900, German CPI eyed

Dhwani Mehta FXStreet

The EUR/USD pair bounces-off a dip below 1.09 handle and trades modestly higher as we head into the early European trading.

EUR/USD awaits German CPI, US GDP

Currently, EUR/USD trades +0.07% higher at 1.0905, having posting daily highs at 1.0911 last hours. The main currency pair managed to regain 1.09 handle and now struggles to extend gains beyond the last, as the funding currency status of the euro remains at risk amid positive Asian equities and higher oil prices, which suggest risk-friendly market environment.

Moreover, a minor correction staged by the US dollar against its major peers after yesterday’s extensive rally, backed by the US bonds rout, also lends a hand to the recovery in the EUR/USD pair.

Later today, the major is expected to get influenced by the German CPI and Spanish GDP data that will be published in the European session. While the main risk event for the major today remains the first estimate of the US Q3 GDP due to be reported in the NA session.

EUR/USD Technical Levels

In terms of technicals, the pair finds the immediate resistance 1.0913 (10-DMA). A break beyond the last, doors will open for a test of 1.0947 (Oct 27 high) and from there to 1.1000 (key resistance). On the flip side, the immediate support is placed at 1.0850 (psychological levels) below which 1.0820 (March lows) and 1.0800 (round figure) could be tested.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.