EUR/USD gives away gains and returns below 1.1300

The pair remains under pressure below the 1.1300 handle.
The greenback trades close to session tops near 97.50.
US preliminary Q3 GDP figures next of relevance later today.

Pablo Piovano FXStreet

The single currency remains under pressure so far this week, prompting EUR/USD to navigate in the lower bound of the recent range in the 1.1290/85 band.

EUR/USD looks to data, Brexit

The pair is struggling for direction today and at the same time is looking to revert three consecutive daily pullbacks, always against the backdrop of a solid sentiment surrounding the buck.

Persistent uncertainty and lack of serious progress around the Brexit negotiations continue to weigh on global sentiment as well as Italian politics, where the 2019 budget still remains in the centre of the debate.

Moving forward, the ECB will publish its Private Sector Loans and M3 Money Supply later in the morning. Across the pond, all eyes will be on another revision of the Q3 GDP, New Home Sales and the weekly report from the EIA.

EUR/USD levels to watch

At the moment, the pair is losing 0.02% at 1.1286 and a break below 1.1278 (low Nov.27) would target 1.1214 (2018 low Nov.12) en route to 1.1188 (61.8% Fibo of the 2017-2018 rally). On the flip side, the next barrier is located at 1.1357 (21-day SMA) seconded by 1.1434 (high Nov.22) and finally 1.1473 (high Nov.20).

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 recovers further from one-month low set on Friday, eyes mid-1.1800s on weaker USD

The EUR/USD pair is seen building on Friday's late recovery from the 1.1750-1.1740 region, or a nearly one-month trough, and gaining some follow-through positive traction at the start of a new week. The momentum lifts spot prices to the 1.1835 area during the Asian session and is sponsored by a broadly weaker US Dollar.

GBP/USD gathers strength above 1.3500 amid tariff confusion

The GBP/USD pair gains traction to around 1.3520 during the early Asian session on Monday. The US Dollar faces some selling pressure against the Cable as tariff uncertainty lingers. Traders will take more cues from the US Producer Price Index report for January, which will be published later on Friday.

Gold eyes a daily closing above key 61.8% Fibo resistance

Gold is adding over 1% early Monday, after having gained 2% on Friday. The bright metal scales key technical hurdles, as buyers stay strong amid renewed tariffs and economic uncertainty alongside looming US-Iran geopolitical tensions.

Top Crypto Losers: Zcash, Pump.fun, and LayerZero extended losses as Bitcoin loses $65,000

The cryptocurrency market starts the week in panic mode, with altcoins Zcash, Pump.fun, and LayerZero. Bitcoin falls below $65,000 as the US President Donald Trump regroups amid renewed trade policy risks.

Liberation day take two, the tariff machine just changed gears

Let me caveat this from the outset. What we are watching is first-order mechanics, not the grand macro endgame. This is the market’s immediate reflex to a 15% Trump tariff levy dressed up as judicial drama. The Supreme Court blocked Trump tarrif hammer. The White House came back with a scalpel.