EUR/USD flirting with session lows in sub-1.1650 levels

The pair remains vulnerable in the mid-1.1600s, or session lows.
The greenback moves to daily highs in the 94.70/75 band.
Initial Claims, Factory Orders coming up next in the US docket.

Pablo Piovano FXStreet

The downbeat sentiment around the European currency remains well and sound on Thursday and is now forcing EUR/USD to recede to the 1.1650/45 band, or weekly lows.

EUR/USD in 4-day lows

Spot is down for the third session in a row so far today, prolonging the weekly leg lower after failing to advance beyond the key resistance line near 1.1740 on Monday.

The renewed better tone around the greenback and swelling effervescence in the US-China trade dispute has been undermining the initial positive sentiment in the single currency, with sellers dominating the scenario since Tuesday.

No fresh signals from the Fed at yesterday’s meeting matched consensus and lent some extra support to the buck after the Committee stated that growth has been strong and that Core PCE figures is close to 2%.

Data wise, nothing scheduled in Euroland should leave the attention to Initial Claims and Factory Orders in the US calendar.

EUR/USD levels to watch

At the moment, the pair is down 0.09% at 1.1649 facing immediate support at 1.1625 (low Jul.27) followed by 1.1575 (low Jul.19) and then 1.1527 (low Jun.28). On the upside, a breakout of 1.1749 (high Jul.23) would open the door to 1.1792 (high Jul.9) and finally 1.1853 (high Jun.14

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.