EUR/USD clings to gains just above 1.1900

EUR/USD gives some signs of life around 1.1900.
The pair rebounds from the earlier drop to the 1.1885 level.
German Producer Prices rose 1.5% MoM, 7.2% YoY in May.

Pablo Piovano FXStreet

The single currency remains under pressure despite the recovery attempt on Friday, with EUR/USD hovering around the 1.1900 neighbourhood following the opening bell in Euroland.

EUR/USD looks to USD-dynamics

EUR/USD appears to have met some decent contention in the 1.1880 region so far and looks to reverse a nearly 2% drop since the FOMC delivered an unexpected hawkish message at its event late on Wednesday.

Indeed, the pair found some buying interest around the Fibo level (of the November-January rally) near 1.1885 earlier in the session. The rebound is so far accompanied by a better tone in German 10-year yields, which re-visit the -0.20% on Friday.

In the domestic calendar, German Producer Prices rose 1.5% MoM in May and 7.2% from a year earlier. additional data in the broader Euroland saw the Current Account surplus widening a tad to €31,4 billion (from €30,0 billion).

There are no data releases scheduled across the pond.

What to look for around EUR

EUR/USD plummets to fresh levels below the 1.1900 mark on Friday, always in response to the strong improvement in the sentiment surrounding the greenback exclusively following the FOMC event on Wednesday. In the meantime, support for the European currency comes in the form of auspicious results from fundamentals in the bloc coupled with higher morale, prospects of a strong rebound in the economic activity and the investors’ appetite for riskier assets.

Eminent issues on the back boiler: Asymmetric economic recovery in the region. Sustainability of the pick-up in inflation figures. Progress of the vaccine rollout. Probable political effervescence around the EU Recovery Fund. German elections. Investors’ shift to European equities.

EUR/USD levels to watch

So far, spot is gaining 0.10% at 1.1916 and faces the next up barrier at 1.1991 (200-day SMA) followed by 1.2035 (100-day SMA) and finally 1.2064 (38.2% Fibo retracement of the November-January rally). On the other hand, a breakdown of 1.1885 (monthly low Jun.18) would target 1.1835 (low Mar.9) and route to 1.1704 (2021 low Mar.31).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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.