EUR/USD drops to fresh lows closer to 1.1300

The pair loses further ground and threatens 1.1300.
The greenback stays firm just below the key 97.00 handle.
Retail Sales and the Empire State manufacturing index coming up next.

Pablo Piovano FXStreet

The buying interest around the greenback keeps adding pressure to EUR/USD, dragging it to fresh 13-month lows near 1.1300 the figure.

EUR/USD looks to US calendar

Spot is now resuming the downside following another knee jerk in the EM FX space, where the Turkish Lira is giving away part of its daily gains after the Turkish court ruled out another appeal for the release of US pastor A.Brunson and the US sanctions kick in.

In addition, and still in the EM universe, the South African Rand, the Ruble and the Mexican Peso have reverted the initial optimism and are now trading in fresh daily lows.

Looking ahead, spot should be in centre stage in light of the upcoming publication of US July’s Retail Sales and the regional manufacturing gauge measured by the Empire State.

EUR/USD levels to watch

At the moment, the pair is down 0.23% at 1.1319 facing the next support at 1.1310 (2018 low Aug.15) seconded by 1.1300 (psychological level) and then 1.1188 (61.8% Fibo of 2017-2018 up move). On the upside, a breakout of 1.1360 (200-week SMA) would aim for 1.1494 (10-day SMA) and finally 1.1591 (21-day SMA).

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 softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold stays firm above $5,150 as Trump's delivers State of the Union speech

Gold finds fresh demand and regains the $5,150 level following the previous day's pullback from the monthly peak as traders assess Trump's State of the Union address. Trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.