EUR/USD falls below the 200-day SMA at the end of the week

The EUR/USD fell below the 200-day SMA of 1.0800 towards the 1.0795 area to close the week.
The Euro tallied a fourth consecutive weekly loss against the USD.
The cautious stance by Christine Lagarde at the Jackson Hole Symposium weakens the Euro.

Patricio Martín FXStreet

In Friday’s session, the EUR/USD bears broke through the 200-day Simple Moving Average (SMA) of 1.0800, setting a 0.72% weekly loss, its fourth in a row. In addition,the 20 and 100-day SMAs performed a bearish cross, suggesting that further downside may be on the horizon for the pair.

At Jackson Hole, Christine Lagarde, president of the European Central Bank (ECB), didn’t provide any highlights. She stated that the bank is ready to raise as much as possible rates but that a multi-legged approach is needed for effective policy. As for now, ECB expectations remain subdued, mainly driven by poor results shown by the Eurozone and according to the World Interest Rates Probabilities (WIRP), investors bet on 40% and 55% odds of a 25 basis point (bps) hike in the September and October meetings.

EUR/USD Levels to watch

Based on the daily chart, it is evident that EUR/USD leans toward a bearish outlook in the short term. Relative Strength Index (RSI) remains below its midline in negative territory, showcasing a southward slope nearing oversold conditions. Similarly, the Moving Average Convergence Divergence (MACD) exhibits red bars, emphasising the strengthening bearish momentum for EUR/USD. On the other hand, the pair is below the 20,100 and 200-day Simple Moving Averages (SMAs), indicating that the sellers now dominate on the broader perspective.

Support levels: 1.0780, 1.0750, 1.0730.

Resistance levels: 1.0800 (200-day SMA), 1.0850, 1.0900.

EUR/USD Daily chart

EUR/USD

Overview
Today last price	1.0796
Today Daily Change	-0.0014
Today Daily Change %	-0.13
Today daily open	1.081

Trends
Daily SMA20	1.093
Daily SMA50	1.098
Daily SMA100	1.0929
Daily SMA200	1.0801

Levels
Previous Daily High	1.0877
Previous Daily Low	1.0805
Previous Weekly High	1.096
Previous Weekly Low	1.0845
Previous Monthly High	1.1276
Previous Monthly Low	1.0834
Daily Fibonacci 38.2%	1.0832
Daily Fibonacci 61.8%	1.0849
Daily Pivot Point S1	1.0785
Daily Pivot Point S2	1.0759
Daily Pivot Point S3	1.0713
Daily Pivot Point R1	1.0856
Daily Pivot Point R2	1.0902
Daily Pivot Point R3	1.0928

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold rebounds ahead of US ADP, will it last?

Gold finds renewed Asian bids and retests $5,230 early Wednesday after the heavy sell-off on Tuesday. The US Dollar stands tall amid escalating Middle East tensions and reduced dovish Fed expectations. Gold defends $5,000 or 50% Fibo level after facing rejection at the 78.6% Fibo resistance at $5,342 amid bullish RSI.

Bitcoin, Ethereum and Ripple struggle for direction as consolidation persists

Bitcoin, Ethereum and Ripple prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market. BTC remains within a parallel channel, ETH struggles below key resistance, while XRP remains fragile within a descending channel. These top three cryptocurrencies by market capitalization continue to struggle to establish a directional bias amid the consolidation phase.

Energy shock 2.0: Why rising Gas prices could hit the Euro

Even without a confirmed, sustained disruption, the mere risk to a key global energy chokepoint is enough to inject a significant premium into European Gas markets. And for the Euro, that matters.

Ripple falters amid sell-off jitters and negative funding rates

Ripple (XRP) has come under pressure, drifting lower to $1.35 at the time of writing on Tuesday. The over 2% correction looks poised to erase the previous day’s gains, which lifted the remittance token to $1.42.