EUR/USD hits fresh multi-year highs after FOMC, about to test 1.1800

US dollar rises marginally after FOMC statement, attention turns to Powell.
EUR/USD hits highest since September 2018, still below 1.1800.

Matías Salord FXStreet

The EUR/USD pair was trading at fresh multi-year highs and after the released of the decision from the Federal Reserve peaked at 1.1792 and then pulled back modestly, finding support at 1.1770.

As expected, the Federal Reserve kept interest rates unchanged at 0.00-0.25%. it practically repeated the stamen from the June meeting. Now eyes turn to Jerome Powell, Fed’s Chairman who will start speaking at 18:30 GMT. He will probably be asked about the meeting, possible implementation of the yield curve control, among other questions.

The US dollar moved sideways after the statement, without a clear direction, holding onto losses versus majors, flat versus commodity and modestly higher versus emerging markets currencies.

Technical levels

The EUR/USD appears to be poised to test the 1.1800 area before Powell. On the downside, 1.1760 is the immediate support followed by 1.1740 and the daily low at 1.1710.

EUR/USD

Overview
Today last price	1.1788
Today Daily Change	0.0072
Today Daily Change %	0.61
Today daily open	1.1716

Trends
Daily SMA20	1.1423
Daily SMA50	1.1281
Daily SMA100	1.109
Daily SMA200	1.1078

Levels
Previous Daily High	1.1774
Previous Daily Low	1.1699
Previous Weekly High	1.1658
Previous Weekly Low	1.1402
Previous Monthly High	1.1422
Previous Monthly Low	1.1097
Daily Fibonacci 38.2%	1.1727
Daily Fibonacci 61.8%	1.1745
Daily Pivot Point S1	1.1685
Daily Pivot Point S2	1.1655
Daily Pivot Point S3	1.161
Daily Pivot Point R1	1.176
Daily Pivot Point R2	1.1805
Daily Pivot Point R3	1.1835

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

GBP/USD rebounds above 1.3300 ahead of UK Retail Sales data

The GBP/USD pair recovers some lost ground to near 1.3325, snapping the five-day losing streak during the Asian trading hours on Friday. However, the potential upside might be limited amid heightened military tensions in the Middle East. Traders brace for the release of the UK Retail Sales data, which will be published later on Friday.

EUR/USD rises as US Dollar weakens despite rising Middle East tensions

EUR/USD gains ground after posting modest losses in the previous day, trading around 1.1380 during the Asian hours on Friday. However, the potential upside for the pair could be limited as the US Dollar may regain strength, largely driven by escalating conflicts in the Middle East that threaten to push crude oil prices higher.

Gold retains bearish bias heading into the Fed week

Gold is nursing heavy losses incurred on Thursday, keeping its range near $4,050 early Friday. Despite the recent retracement, Gold remains on track to register its first weekly gain in three.

Ethereum: Derivatives interest in ETH improves, but signs of caution remain

Ethereum is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest. The top altcoin's open interest has increased to 14.60 million ETH, marking a 600K ETH increase over the past two days and its highest level since June 7.

Silver's missing crisis trade: Why a war keeps pushing it down

The Strait of Hormuz has closed twice this year, and both times silver fell instead of rallying, because the crisis bid went into the US dollar rather than into metals. Silver trades near $58.77 an ounce as I write this, with the gold-silver ratio around 69.5.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.